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Deutsche Bank (DB.US) reports its first loss in four years and will pause buybacks while pushing forward with its wealth management business.
Deutsche Bank (DB.US) reported a quarterly loss for the first time in four years in its second quarter report. To improve performance, the bank plans to hire more American private bankers to drive business growth. In addition, the bank will temporarily suspend buybacks.
Deutsche Bank Swings to Q2 Loss, Revenue Increases