July 25, 2018 / 4:55 AM / 2 months ago

Deutsche Bank says net profit down 14 percent in second quarter

FRANKFURT, July 25 (Reuters) - Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership.

Deutsche last week already flagged that net profit would be more than double analysts’ forecasts in a rare piece of good news for the bank, which is cutting costs to revive profitability. (Reporting by Tom Sims Editing by Victoria Bryan)

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