Deutsche Bank AG co-Chief Executive Officer John Cryan unveiledthe firm's biggest quarterly loss in at least a decade and mayeliminate a dividend that's stood since Germany's postwarreconstruction as he tries to overhaul the firm without askingshareholders for more capital.

Europe's biggest investment bank expects a third-quarter loss of6.2 billion euros ($7 billion) after writing down the value of itstwo largest divisions and boosting reserves for legal costs. ItsAmerican depositary receipts tumbled 6.9 percent after thedisclosure late Wednesday in extended trading in New York. Cryan,in a memo to staff, said employees will share some of the burdenwhen the firm sets year- end bonuses.

The charges clear the way for a strategy that Cryan, who becameco-CEO in July, is preparing to present later this month as helooks to shore up capital and boost profitability. Spending onregulatory and compliance costs have overwhelmed the firm's effortsto cut costs.