- Like
- Digg
- Del
- Tumblr
- VKontakte
- Flattr
- Buffer
- Love This
- Odnoklassniki
- Meneame
- Blogger
- Amazon
- Yahoo Mail
- Gmail
- AOL
- Newsvine
- HackerNews
- Evernote
- MySpace
- Mail.ru
- Viadeo
- Line
- Comments
- Yummly
- SMS
- Viber
- Telegram
- Newsletter signup
- Skype
- Facebook Messenger
- Kakao
- LiveJournal
- Yammer
- Edgar
- Fintel
- Mix
- Instapaper
- Copy Link
Deutsche Bank had begun settlement talks with the US Department of Justice over its probe into the German bank’s origination and securitisation of mortgage-backed securities, as it posted a slump in second-quarter profits.
John Cryan, chief executive, has made clear that he wants to resolve Deutsche Bank’s big outstanding legal cases quick.
Deutsche Bank had already built up a reserve of €5.4 billion to deal with its legal woes, although it said on Wednesday morning that it had not taken provisions for all parts of the RMBS probes. It added a further €120m in litigation provisions in the second quarter.
Deutsche Bank’s core tier one capital ratio has improved slightly from 10.7% at the end of March, to 10.8% at the end of June.
Deutsche Bank’s revenues were 20% lower than a year earlier. Mr Cryan said in a note that this was partly due to “a challenging market environment with historically low interest rates and significant uncertainties”, and partly due to Deutsche Bank’s decision to exit various businesses.