Dutch bank Rabobank says it has agreed to pay fines of 774m euros ($1bn;
£662m) imposed by US, UK and Dutch regulators over the Libor interest
rate-fixing scandal.
http://www.bbc.co.uk/news/business-24730242
Deutsche Bank AG (DBK), Europe’s
largest investment bank by revenue, said third-quarter profit slid 94
percent after it set aside 1.2 billion euros ($1.65 billion) to cover
potential legal costs and income from debt trading fell.
Net
income in the three months through September dropped to 41 million euros
from 747 million euros in the year-earlier period, the Frankfurt-based
bank said in a statement on its website today. That missed the 430
million-euro average estimate of 12 analysts surveyed by Bloomberg.
http://www.bloomberg.com/news/2013-10-29/deutsche-bank-profit-falls-94-as-trading-revenue-slumps.html
