Deutsche Bank has released its worst set of quarterly results since 2008. Management blamed restructuring measures for the losses of 2.2 billion euros, although litigation costs were also a drain on annual profits.
Germany's biggest lender, Deutsche Bank, has reported a profit for the first quarter of the year. The positive result surprised many analysts and indicated the bank was recovering from its huge loss in 2015.
A lawyer hired by Deutsche Bank to investigate a string of scandals has suddenly left his post. His resignation followed an unusually public spat over whether he had gone too far by honing in on the bank's own chairman.
After journalists published a tranche of documents exposing the shadowy world of offshore business, two German banks have said helping customers set up shell companies abroad is not illegal per se.
Numerous Western nations say they're probing persons implicated in the "Panama Papers" tax avoidance scandal. Germany's "Süddeutsche Zeitung" daily says at least 28 German banks used the Mossack Fonseca consultancy.
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