Deutsche Bank plans to cut 3,500 jobs to reduce costs by 2.5 billion euros. The bank will streamline its marketing network, computer systems, and software. The annual profit figures show a 16% decline compared to last year. Despite the decline, the bank has made a profit for the fourth consecutive year. The bank has benefited from the global rise in interest rates, resulting in increased profit margins. Revenue grew by 6.8%. The bank will raise its dividend and buy back shares worth 675 million euros. Read The Rest at :
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