"Deutsche Bank, like many other banks, has to look at its business model," she told Bloomberg Television during the IMF and World Bank's autumn meetings in Washington. "A bad settlement is always better than a good trial," she said, adding that Deutsche was "not in a trial mode. ""A settlement would ... deliver some certainty as to what weight the bank will have to carry and whether it matches with its provisions or not. So the sooner, the better," she said.Deutsche has already spent 12 billion euros ($13.4 billion) on litigation since 2012, and says it has put aside 5.5 billion euros for its expected legal bill. Senior advisers at the firms are offering to help underwrite a stock sale to raise about 5 billion euros, according to a Bloomberg report.Deutsche Bank declined to comment on the report.Nevertheless, uncertainty remains over the provisions amount.

Source: The Star October 07, 2016 00:11 UTC