Deutsche Bank warns of big hit to profit

German bank warns restructuring costs will result in a substantial hit to its earnings and could tip it into a loss for the last three months of the year

Deutsche Bank grappling with a series of legal problems on both sides of the Atlantic, warned that restructuring costs would result in a substantial hit to the bank's fourth-quarter earnings and could tip it into a loss for the last three months of the year.

The bank said on Thursday that the fourth quarter would be affected by one-time charges linked to its restructuring plans and its integration of retailer Postbank, as well as charges from its transaction banking activities in the Netherlands.

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