Deutsche Bank is hoping to strike a deal with US authorities to reduce a proposed fine for selling toxic mortgage-backed securities.
Germany's flagship lender returned to profit in 2018, its first in four years, despite a loss in the fourth quarter. The bank has recently been hit by a range of scandals, including allegations of money laundering.
Espionage, money laundering and interest rate scams. Germany's biggest lender has a global reputation for scandal – and has paid hefty fines and expensive settlements to make up for its wrongdoings.
A money laundering probe stemming from the "Panama Papers" has led police to Deutsche Bank, according to authorities. Prosecutors believe the bank helped clients "transfer money from criminal activities" to tax havens.
Germany's largest lender has reported a hefty drop in net profit for the third quarter amid a continued restructuring drive. Deutsche said it was aiming to return to profitability this year for the first time since 2014.
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