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Sal Oppenheim makes its presence felt in Deutsche’s Q2

Deutsche Bank reported increases in its asset and wealth management (AWM) division as it saw increased revenue from the Sal Oppenheim acquisition and improved client fees. However, a Citi report described the results as mixed, noting that AWM’s pretax profit was €45m (versus €68m forecast), and stated that there were further losses in private wealth management (PWM). The bank for…

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