The Traderszone Network

Published in TZ Latest News 29 July, 2014 by The TZ Newswire Staff

Deutsche Bank profit rises as investment bank focus pays off

Deutsche Bank’s plan to become “the last man standing” in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income. Deutsche Bank faces an array of investigations that ranges from allegations of manipulating the Libor benchmark rate to unfairly favoring some investors in so-called dark pools and has already paid more than 5 billion euros over the past two years in settlements and fines.

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