Net profit for Germany’s largest bank fell 29 percent in the second quarter to about $320 million. The bank set aside more money for legal problems, but executives focused on a 16 percent pre-tax profit increase, mostly the result of cost-cutting.
By JACK EWING, NY Times: Business
Tue, 07/29/2014 - 1:27am
Net profit for Germany’s largest bank fell 29 percent in the second quarter to about $320 million. The bank set aside more money for legal problems, but executives focused on a 16 percent pre-tax profit increase, mostly the result of cost-cutting.