Deutsche Bank falls after announcing a $1.8 billion tax hit (DB)

Shares of Deutsche Bank fell more than 5% after the German firm said it would take a $1.8 billion hit from President Donald Trump's newly enacted tax reform. 
"As a result of the recent enactment of the Tax Cuts and Jobs Act, Deutsche Bank AG expects to recognize an approximate EUR1.5 billion non-cash tax charge in the Group's consolidated IFRS financial results for the fourth quarter 2017 from a valuation adjustment to its U.S. Deferred Tax Assets (DTA)," it said in a press