Deutsche Bank shares slump 5% after greater-than-expected second-quarter net loss

'It's all about implementation and execution from here,' Deutsche Bank's CFO said yesterday after the company reported a net loss of 3.1 billion euros in Q2.

reported a weaker-than-expected net loss of 3.15 billion euros for the second quarter of 2019.

The embattled German lender saw a net profit of 401 million euros for the same quarter last year, but has since endured a tumbling share price and a fresh round of scandals. Deutsche Bank shares fell more than 5% in early trade Wednesday as investors digested the news.Net revenue hit 6.2 billion euros, versus 6.59 billion euros a year ago.Substantial strategic transformation charges of 3.4 billion euros.

"We have already taken significant steps to implement our strategy to transform Deutsche Bank," Christian Sewing, the bank's CEO said in a statement Wednesday.

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