Deutsche Bank Bolstered by ‘Classic Banking’
The quarterly profit of Germany’s biggest bank–Deutsche Bank just reported a €777m net income for the third quarter. This figure has beaten the market expectations after the bank offset a decline in trading revenues with a strong result in operation in its “classic banking” sector.
Deutsche is Accused of Spying on its Staff
Germany’s biggest bank was facing a posible criminal investigation amid claims that it spled on troublesome staff and investors.
Deutsche Bank is reported to have sacked two workers over allegations that it bugged two board members and one renegade shareholder. State prosecutors are looking into the accusations with a view to mounting a criminal case against Deutsche.
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