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Deutsche Bank Investment Bank Profit Drops 63% on Trading

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Deutsche Bank AG, Germany’s biggest bank, said second-quarter earnings at its investment bank slid 63 percent as revenue from trading and issuing securities shrank amid Europe’s debt crisis.

Pretax profit at the corporate banking and securities unit slid to 357 million euros ($439 million) from 969 million euros in the same period a year earlier, the Frankfurt-based company said today in a statement. That missed the 835 million-euro average estimate of eight analysts surveyed by Bloomberg.