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Deutsche Bank beats analyst estimates with Q1 profit of 214m euros

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Mr Cryan has pledged to eliminate 9,000 jobs, offload riskier assets and scrap dividends as part of a wider overhaul.

Frankfurt

DEUTSCHE Bank AG said profit declined in the first quarter, hurt by a slump in trading revenue, as co-chief executive officer John Cryan seeks to shrink Europe's largest investment bank.

The 214-million-euro (S$327 million) net income in the three months through March