Deutsche Bank (DB) posted a bigger-than-expected fourth-quarter loss and lifted its litigation reserves to more than €7 billion after fines linked to U.S. mortgage bonds and Russian money laundering hammered the bank’s bottom line.
The net loss for the three months ending in December was €1.9 billion ($2.05 billion), higher than €1.2 billion billion figure anticipated by analysts. Revenues for the three months ending in December were €7.1 billion, the bank said, a 6% increase over the same period last year.
