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Deutsche Bank CEO: Q4 earnings ‘inadequate’

By David McHugh
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Deutsche Bank CEO: Q4 earnings ‘inadequate’

FRANKFURT, Germany (AP) — Deutsche Bank’s co-CEO said Wednesday the bank’s fourth-quarter earnings were “inadequate,” but vowed the bank was on track to strengthen its finances for the long term.

Germany’s biggest bank had a surprise loss of 965 million euros ($1.32 billion) in the fourth quarter, as earnings were burdened by 528 million in costs for court settlements and investigations into alleged past misconduct in the fourth quarter.

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