FRANKFURT: Deutsche Bank is to rein in global trading ambitions to put more emphasis on profitability than size at its core bond trading business where a sharp drop in revenues contributed to a big fourth quarter loss.
The 1.15 billion euro ($1.56 billion) loss compounds problems that have dogged Germany's biggest bank over the past year, including a list of lawsuits and regulatory wrangles and the need to shore up its balance sheet.
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