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Deutsche Bank Damps Expectations for Drop in Key Regulatory Cost

  • CFO Von Moltke sees no cut to single resolution fund payments
  • Bank has been lobbying to cap payments to resolution fund

Deutsche Bank AG damped expectations it can cut a key regulatory levy next year, dealing a blow to efforts to trim costs as part of a restructuring plan.

The German lender is more pessimistic that its contributions to a fund for winding down failed lenders will decline in the near term, Chief Financial Officer James von Moltke said at an investor conference on Thursday.