Deutsche Bank Faces Rp 182 Trillion Fine

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27/10/2016 12:19 WIB

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Deutsche Bank Profit/Loss 2014-2016

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Deutsche Bank faces a potential US$14 billion fine (approximately Rp 182 trillion at an exchange rate of Rp 13,000 per US dollar) from the United States Department of Justice. The German-based bank is accused of misleading investors by providing inaccurate information regarding the valuation and quality of mortgage-backed securities offered prior to the 2008 US financial crisis.

This substantial fine would further burden Deutsche Bank's performance, which already recorded a €258 million loss in the second quarter of 2016. In the third quarter of 2015, the bank even reported a loss of €6 billion (approximately Rp 78 trillion). Such a massive fine could potentially lead to the bankruptcy of the world's largest lender, triggering a chain reaction within the European and global financial systems.

Concerns over this substantial fine have caused Deutsche Bank's share price to plummet 39 percent to €14.56 on October 26, 2016, from its year-end closing price.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."