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International Business Times
International Business Times
Business
AFP News

EXPLAINED: Deutsche bank profits boosted by legal settlements | Vintage Vibes

Deutsche Bank Christian Sewing Germany
Deutsche Bank said it intends to resume share buybacks after posting better-than-expected third quarter results (Credit: AFP)

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover.

Net profits came in at 1.46 billion euros ($1.58 billion), up 42 percent from a year earlier. Analysts surveyed by financial data firm FactSet had forecast a figure of 1.32 billion euros.

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