FRANKFURT, Germany (AP) - Deutsche Bank, Germany's biggest, says it lost 6 billion euros ($6.6 billion) in the third quarter due to large charges for the fallen value of two of its major divisions.

FRANKFURT, Germany (AP) Deutsche Bank, Germany's biggest, says it lost 6 billion euros ($6.6 billion) in the third quarter due to large charges for the fallen value of two of its major divisions.

The bank said Thursday it also incurred more charges for legal costs and investigations into alleged misconduct.

The bank also said late Wednesday ahead of the earnings announcement that it would cancel its dividend for this year and next.

Net profit was reduced by 5.8 billion euros as the bank had to reassess the value of its investment bank and its retail bank Postbank, which it plans to sell. The charges were expected by shareholders because they were announced Oct. 7.

New co-CEO John Cryan is reorganizing the bank to make it less complex and more profitable.