Fitch: Deutsche Bank 2014 Capital Boost Buffers Impact of Fines

April 14, 2015 2:23 PM

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(The following statement was released by the rating agency) LONDON, April 14 (Fitch) Capital raised by Deutsche Bank (DB) in 2014 will provide a buffer on top of existing reserves for fines and other litigation costs that may emerge this year, says Fitch Ratings.

Recurrent earnings will also help absorb any unexpected losses. The USD1.5bn Libor manipulation litigation costs discussed in the press have not yet been confirmed. The unpredictability of US-related litigation costs clouds the assessment of capital adequacy at global trading and universal banks (GT...

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