FRANKFURT Jan 19 Deutsche Bank
posted a surprise pre-tax loss of 1.153 billion euros for the
fourth quarter of 2013 due to heavy costs for litigation,
restructuring and balance sheet reduction.
The bank said that litigation expenses cost 528 million
euros in the quarter while adjustments to the value of credit,
debt and funding produced another 623 million euros in costs,
and restructuring costs added a 509 billion euro burden.
Revenue for the group fell 16 percent to 6.580 billion
euros, due in part to weakness in its corporate banking and
securities division, the bank said in a statement.
(Reporting by Thomas Atkins; Editing by Kevin Liffey)