Investment bank propels Deutsche to strong quarter

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By Richard Metcalf
28 Apr 2021

Deutsche Bank’s investment banking group was among the best performers in a strong all-round quarter for the German firm.

It reported €1.83bn in underlying pre-tax profits, ahead of consensus estimates. The impressive showing was driven by a good quarter in investment banking and private banking, as well as a reduction in losses in its so-called capital release unit (CRU), an internal “bad bank” it set up in ...

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