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Deutsche Bank to focus on private banking and asset management business

Germany’s largest bank reported a 3.3% rise in its net income for the second quarter helped largely by a robust consumer banking division. Even as Deutsche Bank prepares to bid adieu to its long standing leader, Josef Ackermann, it confirmed its target of 10 billion euros (US$14.47 billion) in operating pre-tax profit this year. Part of the bank’s strategy involves…

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