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Deutsche Bank's Tech Push Is Good News in a Bad Quarter: Cryan

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Deutsche Bank CEO Doesn't Rule Out Combination

John Cryan didn’t have much in the way of good news today as Deutsche Bank AG reported a fall in revenue and an increase in expenses in the fourth quarter. But the Frankfurt-based lender’s chief executive officer did say one key piece of his restructuring project is hitting some milestones: the unprecedented overhaul of its information technology systems.

“We’re well on our way to transforming the company into one driven by technology, and here, we’ve made reasonable progress,” Cryan said in a call with analysts this morning.