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DB IPB revenue flat in 3Q20, net inflow mostly driven by investment products

Deutsche Bank has reported its quarterly results for the first time since the roll-out of its new International Private Bank structure. 3Q20 private bank revenue stabilised at previous-year levels. Assets under management (AUM) grew — albeit at a small margin — thanks to a higher inflow from investment products. The German lender’s private banking business reported net revenue of €2…

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