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Deutsche cuts investment banking, but Barclays gains from it

Deutsche Bank has announced cutbacks to its bond and equities trading in a major overhaul of its troubled investment bank, after posting a 79 percent drop in net profit in the first quarter. As David Pollard reports, the results contrasted with Barclays where improved income from its investment bank helped it report a better-than-expected first quarter pretax profit of 1.7 billion pounds ($2.4 billion).

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