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Deutsche investment bank profits slump but CEO questions doubters

Christian Sewing insists the corporate and investment bank is proving doubters wrong 'each and every day'

Christian Sewing, chief executive officer of Deutsche Bank
Christian Sewing, chief executive officer of Deutsche Bank Photo: Getty Images

Profits at Deutsche Bank's investment bank fell by more than a fifth in the second quarter, a period in which the group embarked on yet another big restructuring of the troubled division under a new chief executive.

In line with guidance from the German bank earlier in July, Deutsche's sales and trading business saw revenues fall around 15% during the three months to June 30 to €1.9bn.

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