June 21, 2018 / 8:50 PM / 2 months ago

Fitch downgrades Deutsche Bank outlook to negative

FRANKFURT, June 21 (Reuters) - The credit ratings agency Fitch on Thursday revised its outlook for Deutsche Bank to negative from stable, the latest blow to the German lender’s reputation.

The move “reflects the substantial execution risk Deutsche Bank faces in implementing its restructuring and Fitch’s view that failure to strengthen its business model would result in the bank’s downgrade,” the agency said.

Reporting by Tom Sims

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