Deutsche Bank warned Thursday that it would post a net loss of €6.2 billion ($7 billion) in the third quarter and that dividends for the year may be scrapped.
Deutsche Bank co-CEO Jürgen Fitschen is one of five defendants in a trial starting Tuesday accused of giving false testimony in a long-running legal battle with the defunct Kirch media group.
German banking giant Deutsche Bank has been fined $2.51 billion over its role in a vast multi-year conspiracy to rig LIBOR interest rates, US and British authorities said Thursday.
Germany's biggest bank has been fined a record €725 million for rigging interest rates. It was one of several banks fined a total of €1.7 billion by the European Union Commission on Wednesday.
As Deutsche Bank’s chief executives Anshu Jain and Jürgen Fitschen launch a cost-cutting plan to save €3 billion, and admit the firm’s involvement in the Libor-fixing scandal, their predecessor Joseph Ackermann has called them “losers”.