Deutsche Bank Beats Expectations but Coronavirus Clouds Outlook

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Deutsche Bank weathered the first weeks of the coronavirus pandemic better than expected, but the bank warned a sharp slowdown in the global economy will hurt its loan book, and possibly its ability to sell unwanted assets

Deutsche Bank AG weathered the first weeks of the coronavirus pandemic better than expected as customers rushed to reposition their investments, boosting the German bank’s investment-banking revenue.

But the bank warned a sharp slowdown in the global economy will hurt its loan book, and possibly its ability to sell unwanted assets.

 

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