The legal costs weigh on Deutsche Bank: quarter in red

Deutsche Bank closed the third quarter of 2014 with a net group loss of 94 million euros, down from 41 million euros in the same period of the previous year. The legal expenses in the cases that see her accused of manipulating the currency market and interest rates also weigh on the accounts. This was announced by the German banking group which, again in the third quarter, recorded net revenues of 7.9 billion, up 2% on the same period in 2013.

In the period between July and September, the largest bank in Germany made provisions of 269 million euros, down 47% compared to the third quarter of 2013. Despite the reduction, as pointed out by Jurgen Fitschen and Anshu Jain, co -chief executives of the bank, the quarterly accounts were conditioned by the provisions and by the costs related to the introduction of new forms of regulation. At the same time, they conclude, the “raising of control standards and investments for the growth of our core business have also exercised their weight”.

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