The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Deutsche Bank posts quarterly net loss as legal costs weigh

Published Wed, Oct 29, 2014 · 06:19 AM
Share this article.

[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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here