Deutsche Bank sees legal, regulatory 'headwind' in coming quarters: CFO

Mon Jan 20, 2014 5:56am EST
 
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By Thomas Atkins

FRANKFURT (Reuters) - Deutsche Bank DBKGn.DEe expects to see further legal and regulatory "headwind" in the coming quarters, its Chief Financial Officer Stefan Krause said in a conference call on Monday.

Germany's biggest lender earlier said its litigation reserves fell to 2.3 billion euros ($3.12 billion) in the fourth quarter from 4.1 billion in the third, as it settled some cases with regulators.

It also posted new litigation expenses of 528 million euros in the final quarter of 2013.

($1 = 0.7376 euros)

(Reporting by Thomas Atkins, writing by Jonathan Gould)

 
A Deutsche Bank sign is seen on the floor of the New York Stock Exchange January 15, 2014. REUTERS/Brendan McDermid