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Deutsche Bank faces €630m increased litigation spend
Deutsche Bank has reported an increase in legal spend in its latest quarterly results.
Deutsche bank spends more on legal fees to deal with high litigation costs Martynova Anna
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The Frankfurt-based company warned that it faces costs of €630 million of Euros in relation to litigation. It revealed that it is dealing with numerous legal issues covering the sale of mortgage-backed securities, allegations that it manipulated global benchmark interest rate figures and a particular dispute with representatives of the late media magnate, Leo Kirch. Co-chief executive Anshu Jain said: 'We expect settlements to accelerate in the coming quarters,' according to Euronews. But he did not specify which matters were expected to settle.
