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Investment banking pain deepens at Deutsche Bank

Disappointing figures come a day after the German bank agreed $220m settlement over Libor rigging

 John Cryan, Deutsche Bank CEO
John Cryan, Deutsche Bank CEO Photo: Getty Images

Deutsche Bank's investment bank saw revenues in every almost every business line drop by double digits during the third quarter — a period chief executive John Cryan described as "challenging".

The disappointing numbers come the morning after it was confirmed that the German bank had agreed to pay $220m to settle claims in the US that it can acted illegally to manipulate the Libor rate.

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