Deutsche Bank has released its worst set of quarterly results since 2008. Management blamed restructuring measures for the losses of 2.2 billion euros, although litigation costs were also a drain on annual profits.
An HSBC subsidiary is in the news for helping wealthy clients evade millions in taxes. So what else is new? Lots of big banks have been fined for corrupt practices in recent years, says DW's Jasper Sky.
European Commission President Juncker joined world leaders slamming tax evasion at the G20. But that wasn't enough to silence critics accusing Luxembourg's former PM of offering generous tax breaks to global companies.
Germany's largest lender, Deutsche Bank, has reported a third quarter loss as provisions for legal liabilities eat into earnings. But its investment arm excelled once more between July and September.
The UK government has said it will no longer stand for big companies and major banks not paying their fair share of taxes. Finance Minister George Osborne expects the new measures to add billions to state coffers.
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