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Deutsche Bank 2.6bln Euro Q4 Loss Shocks
Germany's flagship lender isn't used such disappointing results. Deutsche Bank posted at 2.6 billion euro pretax loss in the fourth quarter. That shocked analysts - who'd expected it to make a profit of around 110 million euros. The lender's loss was due to legal and restructuring charges. Juergen Fitschen is the bank's Co-CEO. He says they want to draw a line under past scandals and strengthen its capital position, given the tougher regulatory environment.
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