In the fourth quarter of 2013 Deutsche Bank reported a loss of 965 million euros, against a profit forecast of 700 million. The collapse is partly linked to the massive legal costs (1,1 billion) incurred for the various disputes, partly to the sharp decline in the trading sector (-27%) after the start of tapering by the Fed.
Surprisingly, the Bank brought forward the publication of the 2013 accounts. Last week Deutsche Bank shares had risen by 6,8% following the news of the new financial leverage parameters set by Basel 3.
Meanwhile, the institute also admitted that it had "received requests for information from regulators who are investigating trading in the foreign exchange market." The bank, Bloomberg reported, is "cooperating with the investigation and will take disciplinary action against employees" proven guilty.
The Der Spiegel newspaper reported that Bafin, the German Consob, intends to examine with a special activity whether Deutsche Bank has managed the activity on the foreign exchange market adequately and with sufficient controls.
