By Jonathan Davies

Deutsche Bank has reported a loss of €92m ($117m; £72.6m) for the third quarter as a result of legal costs.

Germany's largest lender had posted a €51m profit in the same period last year.

But it comes after Deutsche Bank revealed it had set aside €894m to cover legal costs as it faces a growing number of fines over various wrongdoings.

Among those alleged wrongdoings is the bank's involvement in the the manipulation of the London interbank rate (Libor).

It is also facing investigations in the US over mis-selling of mortgage-backed securities and doing business with blacklisted countries.

Deutsche Bank also announced that chief financial officer Stefan Krause is to be replaced by Marcus Schenck, a partner at rival Goldman Sachs.

Deutsche Bank's co-chief executives Jurgen Fitschen and Anshu Jain said the firm was working towards a "resolution of litigation matters related to legacy issues".

"We also incurred costs of adapting to new regulation, elevating our systems and control frameworks to best in class, and investing in growth in our core businesses," they said in a statement.

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