Deutsche Bank AG (DB) is warming up to face a fine of practically 1 billion euros ($1.3 billion) in relation to its participation in the LIBOR rigging scandal in an examination by the Federal Reserve in addition to the Financial Conduct Authority (FCA). The Bank, together with several others, has actually been accused of controling benchmark rates of interest of global markets.

Along with the 6.1 billion euros the bank has actually currently paid since 2012 therefore numerous settlements with global financial regulatory authorities, the LIBOR settlement is regarded to lug the highest value. The German bank has actually never divulged on any kind of public platform as to the exact litigation costs it has actually suffered up to date.

European economic regulatory bodies have supposedly currently settled the concern with the Frankfurt-based bank over LIBOR as well as its Euro equivalent, Euribor, having gotten a penalty of 725 million euros. But Deutsche Bank as well as the regulatory authorities decreased to comment on the news.

On Friday, one of the bank's representatives said Deutsche has revised its legal costs numbers which are now approximated at 894 million euros ($1.13 billion) for the 3rd quarter of this year. This figure incorporates numerous legal charges, a lot of which autumn under the category of 'Not Tax-Deductible.'

Nonetheless, a silver lining for the bank was the preliminary outcomes of the stress tests launched by European Central Bank (ECB),the soon-to-be financial regulator of all Eurozone banks, which Deutsche passed with flying colors. The factor of this extreme capital assessment is to enhance banks when faced with unpleasant scenarios such as a looming economic crisis, failing markets, and also increasing product costs to name a few.

Baseding on people familiar with the details, the outcomes revealed that Deutsche exceeded most of its peers with 25 of the international lenders failing the tests. The bank has kept pro forma statements several notches above the minimum requirements set by the ECB.

Deutsche Bank Chief Executive Juergen Fitschen and co-Chief Executive Anshu Jain have had a whole lot on their plate since that the start of this year and are handling each issue diligently. The talented duo has actually already increased 8.5 billion euros ($10.8 billion) in new resources as well as is working toward streamlining the bank's operations.

The release by ECB revealed that Deutsche Bank had achieved success in keeping an equity proportion of 8.8 percent compared to ECB's worst-scenario demand of 5.5 percent.

Furthermore, Germany's earliest bank reported a tier I common equity ratio of 12.6 % for the baseline situation which postured a moderate economic growth.

This detailed review is based upon last year's financial standing of global banks based in the European area. Recently performed by the European Bankng Authority, the test will be made the obligation of the ECB on November 4, 2014.