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
ooo.jpg
VIDEO: A teenager in Texas was attacked in a restaurant for wearing a Make America Great Again hat.

44.jpg
The 11-year-old girl married a 41-year-old man who already has two wives and six children aged between five and 18.

Untitled-2-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered-Recovered.jpg
Absurdistan/Sweden: The family of a raped minor girl was told by the police to come to the police station in Borås to pick up the rapist's used condom.

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