Deutsche Bank Q1 Earnings Fall to $610M, Hurt by Penalties

April 26, 2015 2:09 PM

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Deutsche Bank says net profit fell to 559 million euros ($610 million) in the first quarter as legal penalties ate into stronger revenues from trading stocks and bonds.

The bank had to deduct an additional 1.5 billion euros from earnings to account for penalties it has agreed to pay to authorities in the U.S. and Britain to settle investigations into the bank's role in rigging key interest rate benchmarks and other matters.

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