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 Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Related sections Latest news Cyprus parliament honors Armenian genocide victims  Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed.Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham).Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |
