Deutsche Bank (DB: Quote) on Sunday reported an about 50 percent decline in first-quarter profit, despite clocking double-digit revenue growth, as the German lender recorded hefty legal charges over allegations of rate-rigging. In a statement, the bank said its results were hurt by litigation expenses of 1.5 billion euros, mainly reflecting a settlement with the U.S. and UK authorities relating to interbank offered rates and bank levy charges of 561 million euros. As a result, the bank's quarterly net earnings plunged to 559 million euros or 0.38 euros per share from 1.1 billion or 0.98 euros per share a year ago. ... (full story)