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Deutsche Bank says net profit down 14 percent in second quarter

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Reuters FRANKFURT
Last Updated : Jul 25 2018 | 10:55 AM IST

FRANKFURT (Reuters) - Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany's largest bank restructures under new leadership.

Deutsche last week already flagged that net profit would be more than double analysts' forecasts in a rare piece of good news for the bank, which is cutting costs to revive profitability.

(Reporting by Tom Sims; Editing by Victoria Bryan)

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First Published: Jul 25 2018 | 10:45 AM IST

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