FRANKFURT: Germany’s biggest lender Deutsche Bank will face renewed probing on Thursday, as investors pore over its third-quarter results after being hit with a multi-billion-dollar fine by the US Department of Justice. “It will be important to keep an eye on growth in provisions for legal risks,” Equinet analyst Philipp Haessler told Agence France-Presse. The figure is far higher than the 5.5 billion euros of provisions Deutsche has set aside to cover some 8,000 outstanding legal cases worldwide. In June the International Monetary Fund labelled the bank “the most important net contributor to systemic risks in the global banking system”. “It will be interesting to see whether Deutsche Bank has managed good results here, or whether the restructuring meant it couldn’t perform so strongly,” Nord/LB bank analyst Michael Seufert said.

Source: Manila Times October 26, 2016 17:03 UTC