Deutsche Bank posts third-quarter profit, hikes legal provisions

Deutsche Bank posted an unexpected net profit of 278 million euros (248 million pounds) in the third quarter as it benefited from a surge in bond trading that boosted all Wall Street banks' earnings. Deutsche Bank hiked the amount of money it has set aside to cover the legal bill for its numerous missteps of the past. "Discussions with the DOJ (Department of Justice) to resolve its investigation of Deutsche Bank’s pre-financial crisis RMBS business are ongoing," Deutsche Bank said in a pre