Deutsche Bank, Germany's biggest lender, said Thursday that litigation costs and write-downs pushed it to a record net loss in the third quarter.
Deutsche Bank said in a statement that it booked a net loss of 6.01 billion euros ($6.6 billion) in the period from July to September compared with a loss of 94 million euros a year earlier, as a result of write-downs on its stake in Chinese group Hua Xia Bank and provisions set aside for litigation costs.
GMT 08:33 2017 Saturday ,29 AprilTurkish authorities block access to Wikipedia
GMT 07:40 2017 Saturday ,29 AprilUS Marines return to Afghanistan's volatile Helmand
GMT 06:20 2017 Saturday ,29 AprilTrump says North Korea missile launch 'disrespected' China
GMT 06:19 2017 Saturday ,29 AprilPolisario Front withdraws from buffer zone in Western Sahara
GMT 06:16 2017 Saturday ,29 AprilUS official confirms N. Korea missile launch
GMT 06:13 2017 Saturday ,29 AprilNorth Korea test-fires ballistic missile
GMT 06:11 2017 Saturday ,29 April6.8-magnitude quake off the Philippines
GMT 20:10 2017 Friday ,28 AprilTrump says NRA gun lobby has 'friend' in White House