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DB WM 4Q19 revenues up by 11% YoY, excluding legacy activities

Deutsche Bank WM has reported stable 4Q19 results, with sizable revenue growth in spite of a larger-than-expected loss in its overall business, according to the quarterly report issued by Deutsche Bank yesterday. The WM arm saw a 3% dip in overall revenues, but excluding the Sal Oppenheim workout activities, revenues in fact grew by 11%. “Revenues in the private bank…

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