Deutsche Bank announces litigation costs of approximately EUR 1.5 billion in first quarter 2015
Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it expects to report litigation costs of approximately EUR 1.5 billion for the first quarter 2015. The majority of these litigation costs are not tax-deductible. Despite these costs Deutsche Bank will be profitable in the first quarter and will report near record revenues.
Deutsche Bank will give further details upon publishing its unaudited first quarter 2015 financial results.