Deutsche Bank reports profit amid low expectations October 27, 2016 - 16:10 AMT PanARMENIAN.Net - Deutsche Bank has reported a small third-quarter profit, beating very low expectations, BBC News said. The bank reported a profit of €278m, a big turnaround from a €6bn loss in the same period last year. Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt. Concerns persist over the position of the bank as the size of a fine in the US remains undetermined. Deutsche has been threatened with a $14bn fine from the US Department of Justice over the mis-selling of mortgage-backed securities in the run-up to the financial crisis. And earlier this year, the International Monetary Fund described it as the biggest risk to the global banking system.  Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
