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Deutsche Bank posts quarterly net loss as legal costs weigh

Wednesday, October 29, 2014 - 14:19
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Deutsche Bank reported a quarterly net loss of 92 million euros on Wednesday as heavy legal costs outweighed a rise in investment banking earnings.

[FRANKFURT] Deutsche Bank reported a quarterly net loss of 92 million euros on Wednesday as heavy legal costs outweighed a rise in investment banking earnings.

Germany's top lender reported quarterly pretax income of 266 million euros, lifted by a 4 per cent pre-tax profit rise from investment banking.

The bank spent 894 million euros on litigation costs in the quarter, bringing to around 7 billion euros the amount the bank has spent on fines and settlements since 2012.

REUTERS

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