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Deutsche Bank Slides as Q4 Loss Overshadows First Annual Profit in Four Years

Martin Baccardax

Deutsche Bank said it recorded a net loss of €409 million for the three months ending in December, nearly twice as large as analysts had expected, as revenues in its fixed income trading group slumped 23% to €786 million. Broader investment bank revenues fell 5% to €2.6 billion. "Our return to profitability shows that Deutsche Bank is on the right track," said CEO Christian Sewing.