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Deutsche Bank Says Expect Another Quarter of Falling Revenue

  • Company is stuck in ‘vicious circle,’ CFO von Moltke says
  • CEO plays down concern that investment bank cuts go too deep
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Deutsche Bank to Lose Three Senior Investment Bankers
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Deutsche Bank AG will probably report another quarter of declining revenue for the three months through June as it scales back investment-banking operations and cuts thousands of jobs.

The lender will probably do “a little worse” than peers who have indicated they expect a flat top line, “given the quarter that we’ve had and the transition that we’ve been through,” Chief Financial Officer James von Moltke said in a presentation late Wednesday.