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Deutsche Bank Now Wants to Keep Some Equities Revenue After All

  • Lender moves 550 million euros revenue back from bad bank
  • ‘What is this business?’ one analyst asks on conference call

Deutsche Bank AG finds parting with its equities business is harder than expected.

The German lender, which not even three weeks ago announced it was exiting equities trading except for a “targeted” sales force and research, flustered analysts on Wednesday after moving 550 million euros ($613 million) in revenue back to the investment bank from the wind-down unit it had just set up. The change of heart will force the bank to adjust some forecasts but won’t affect risk-weighted assets at the capital release unit, or CRU.