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Added on the 19/10/2015 14:01:04 - Copyright : Reuters EN
Deutsche Bank CEO John Cryan says the bank expects further litigation costs this year but is approaching the "home straight". As Laura Frykberg reports, it follows years of legal fees over alleged rate rigging and sanctions violations.
Deutsche Bank will report a record pre-tax loss of 6 billion euros ($6.7 billion) in the third quarter. As David Pollard reports it will also cut or skip dividend payments for 2015.
Deutsche Bank has beefed up the powers of co-chief executive Anshu Jain and reduced the influence of his partner Juergen Fitschen in a management shake-up aimed at improving performance and mollifying shareholders. As Ivor Bennett reports the changes make Indian-born Jain accountable for the bank's reorganisation and drive to cut an additional 4.7 billion euros in costs.
The United States vetoes a Security Council vote on a Palestinian bid for full United Nations membership. The draft resolution, which was introduced by Algeria and "recommends to the General Assembly that the State of Palestine be admitted to membership of the United Nations," received 12 votes in favor, two abstentions and one against. IMAGES
Former presidents and politicians of Chile, from left to right, as well as family members and supporters bid farewell to former president Sebastian Pinera, who died on February 6 while piloting his helicopter in the south of the country. A ceremony is being held in the Former National Congress building in downtown Santiago before the main funeral. IMAGES
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