DEUTSCHE Bank says its net profit shrank to a bare 51 million euros ($A74.05 million) in the third quarter after it took 1.2 billion euros in losses for legal judgments in lawsuits against it.
The net profit compared with a figure of 754 million euros in the same quarter a year ago.
The bank also said on Tuesday that its investment banking business has slowed. Net revenues fell 10 per cent to 7.7 billion euros.
It said charges for litigation were mostly related to lawsuits over residential mortgage-backed securities, investments based on mortgage loans to borrowers with shaky credit. The securities helped drive financial turbulence in 2007-2009 as they lost value.
Deutsche Bank said it was making progress in strengthening its finances to meet new regulatory requirements and was cutting costs.
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