Some 500 German police officers have raided the headquarters of the Deutsche Bank in Frankfurt, arresting five employees. Officials say staff are suspected of involvement in tax evasion and money laundering.
Deutsche Bank has been hit with a record fine for rigging interest rates, but considers its executives exonerated. But can someone who apparently never has any knowledge of anything lead a bank, asks DW's Rolf Wenkel.
Deutsche Bank plans to consolidate in order to grow its earnings. DW's Henrik Böhme says the new plan - a long-delayed response to the great financial crisis - is no guarantee of future success.
Germany's biggest commercial lender, Deutsche Bank, earned more than expected in 2014. Its net profit rose due to lower legal costs and better investment banking results.
Deutsche Bank has said it expects to pay close to 900 million euros in legal fees in the third quarter. The high price tag comes as Germany's largest lender fights charges of interest rate manipulation and other sins.