deutsche bank q1 profits fall 50 over 25bn rate fixing fine
Last Updated : GMT 23:34:50
Arab Today, arab today
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Deutsche Bank Q1 profits fall 50% over $2.5bn rate fixing fine

Arab Today, arab today

Arab Today, arab today Deutsche Bank Q1 profits fall 50% over $2.5bn rate fixing fine

Deutsche Bank
Frankfurt - Arab Today

Deutsche Bank said Sunday its profits fell around 50% year on year in the first quarter, during which it agreed to pay $2.5 billion dollars to settle a rate rigging case with US and British authorities.

Net profits came to 559 million euros ($608 million), down from 1.1 billion euros in the first quarter of 2014. Germany's biggest bank said its litigation costs for the period amounted to 1.5 billion euros.

 

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