The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.

Germany's biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to a troubled takeover.

Deutsche Bank bounced back to profit in the third quarter, as it reduced reserves set aside for investor lawsuits over its Postbank division while its global investment bank fired on all cylinders. A 15-quarter profit streak at Germany's largest lender was interrupted in the second quarter after it made a large provision for the lawsuits.

Deutsche Bank’s pre-tax profits were lifted by a reduction in the provisions it has set aside to settle litigation related to its Postbank acquisition

Victoria Farr FRANKFURT (Reuters) - Deutsche Bank has raised its forecast for bad loans against the backdrop of a weak German economy, as the bank returned to profit in the third quarter, boosted by investment banking and a cut in reserves for Postbank lawsuits.

Deutsche Bank on Wednesday beat expectation in its return to profit in the three months to September, after snapping its 15-quarter profit streak in the second quarter.   Net profit attributable to shareholders came in at 1.

Deutsche Bank reported a net profit of over $1.5 billion in the third quarter, surpassing analyst expectations, and revenue exceeded forecasts. RBC analysts noted the rise in credit loss provisions was disappointing but expected,