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Deutsche Bank’s splitting headache

Fixing retail business likely means difficult cutbacks

Deutsche Bank’s splitting headache

Deutsche Bank has some big decisions to make. It is preparing the ground in Germany for the likelihood that some of them will be tough.

Deutsche reported Thursday better revenue than expected for the fourth quarter. Yet profits still disappointed, especially in its domestic retail bank where it took an unexpected €330 million ($372 million) charge to pay back loan-processing fees. This caused full-year profits adjusted for litigation and restructuring to be down versus 2013.

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