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Deutsche Bank clears co-CEO Jain in internal Libor probe: report

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> has concluded co-Chief Executive Anshu Jain is clean after an internal investigation into the role of the bank into the manipulation of global interest rates, German newspaper Frankfurter Allgemeine Sonntagszeitung reported. Citing supervisory board sources, the paper reported that the internal probe had cleared Jain of involvement in the Libor scandal after scrutinizing bank documents and interviewing hundreds of Deutsche Bank employees.

German watchdog to visit Deutsche in London in FX probe: source

LONDON (Reuters) - Representatives from Germany's financial watchdog Bafin will visit the London offices of Deutsche Bank, the country's biggest lender, as it steps up investigations into alleged currency market manipulation, a source familiar with the process said on Monday. This follows Deutsche's suspension last week of traders in New York and mirrors the arrival of U.S. regulators in London last week at Citigroup's London headquarters, marking an escalation in the global probe.

Deutsche Bank announces 1.2bn euro pre-tax loss in 4Q of 2013

Deutsch Bank, Germany's biggest bank, announced late Sunday a pre-tax loss of 1.2 billion euros ($1.62 billion) in the fourth quarter of 2013 because of litigation costs and weakening revenues. In a statement issued more than a week earlier than markets expected, co-CEOs Juergen Fitschen and Anshu Jain said: "We expect 2014 to be a year of further challenges and disciplined implementation; however, we are confident of reaching our 2015 targets and delivering on our strategic vision for Deutsche Bank."

Deutsche Bank announces 965mn euro loss in 4Q of 2013

Deutsch Bank, Germany's biggest bank, announced late Sunday a surprise net loss of 965 million euros ($1.3 billion) in the fourth quarter of 2013 because of litigation costs and weakening revenues. In a statement issued more than a week earlier than markets expected, co-CEOs Juergen Fitschen and Anshu Jain gave the loss figure, which amounted to 1.2 billion euros before taxes.

German watchdog plans to step up FX probe at Deutsche: report

FRANKFURT (Reuters) - Germany's top banking watchdog plans to intensify its probe into possible manipulation of benchmark foreign exchange rates at Deutsche Bank <DBKGn.DE> by launching a so-called special investigation, magazine Der Spiegel reported on Sunday. Designating its ongoing probe as a special investigation would put the case at the top of regulator Bafin's priority list and open the door to more intensive queries.

German watchdog plans to step up FX probe at Deutsche: report

FRANKFURT (Reuters) - Germany's top banking watchdog plans to intensify its probe into possible manipulation of benchmark foreign exchange rates at Deutsche Bank <DBKGn.DE> by launching a so-called special investigation, magazine Der Spiegel reported on Sunday. Designating its ongoing probe as a special investigation would put the case at the top of regulator Bafin's priority list and open the door to more intensive queries.

Deutsche Bank says to pay 1.4 bn euros in US mortgage case

Deutsche Bank, Germany's biggest lender, said on Friday it will pay 1.4 billion euros ($1.9 billion) to end litigation related to home mortgage-backed securities in the United States. "Deutsche Bank announced today that it has reached an agreement to resolve its residential mortgage-backed securities litigation with the Federal Housing Finance Agency (FHFA) as conservator for Fannie Mae and Freddie Mac," the bank said in a statement. It described the litigation as its single largest mortgage-related litigation case.

Deutsche Bank says to pay 1.4 bn euros in US mortgage case

Deutsche Bank, Germany's biggest lender, said on Friday it will pay 1.4 billion euros ($1.9 billion) to end litigation related to home mortgage-backed securities in the United States. The payment will settle litigation brought by the US Federal Housing Finance Agency (FHFA) against Deutsche Bank and 16 other financial institutions, for not giving enough information on certain securities sold to mortgage lenders Fannie Mae and Freddie Mac, the bank said in a statement. spm/hd

Timeline: Deutsche Bank's commodities operations

LONDON (Reuters) - Deutsche Bank is exiting the majority of its global commodity businesses due to rising regulatory pressures, becoming the latest bank to sell or scale back its operations in the once lucrative sector. Deutsche is active in oil, refined products, metals, gas, power, agriculture and carbon markets. Here is a timeline of significant events in the German bank's raw materials business:

Deutsche Bank says it has allowed for EU rate fine

Deutsche Bank, Germany's biggest lender, which was heavily fined by the European Union on Wednesday over rate fixing cartels, said it had already accounted for the penalty in its reserves. The bank was one of six finance groups to be fined a record total of 1.7 billion euros ($2.3 billion) for rigging the Euribor and Japanese yen Tibor interest rates. Deutsche Bank was fined a total of 725 million euros for involvement in rigging both rates.
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