Deutsche Bank apologizes for costly mistakes

 
Deutsche Bank apologizes for costly mistakes
Loading...
Loading...
Germany's largest lender, Deutsche Bank, has apologized for its costly mistakes in the past - in full-page newspaper ads - as it deals with historic legal troubles. Last week, Deutsche Bank announced a 1.4 billion euro annual loss, reports DW.

"Serious mistakes were made," reads the advertisement that ran in several German newspapers on Saturday.

In December, Deutsche Bank agreed to a $7.2 billion (6.6 billion euros) settlement with the US Justice Department over its dealings in opaque bonds based on home loans in 2005-2007. Losses on such bonds packaged and sold by major banks helped start the global financial crisis.

The lender is still facing about 7,000 separate lawsuits and regulatory cases, which analysts say could take years to resolve.

Read more.

Comment below.

Loading...


    Donate to Speisa


The globalist psychopaths vs Speisa


Latest
Untitled-2-Recovered.jpg
The new laws about 'hateful expressions' on social media seem to have come into full effect in Germany, as a court on Friday sentenced a journalist to six months in prison for a post on Facebook.

Untitled-2-Recovered-Recovered-Recovered-Recovered.jpg
Police have shot a man who stabbed several people while screaming Allahu Akbar in the city of Turku. A woman and a baby are among the injured.

Untitled-2-Recovered-Recovered-Recovered-Recovered.jpg
Uefa hits Polish club Legia Warsaw with disciplinary charge over banner honouring Nazi victims.

View this article in PDF format Print article



DON'T MISS A POST - FOLLOW US ON FACEBOOK!




Disclamer
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.
comments powered by Disqus