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Deutsche Bank secures backing from largest investor

The German bank is in talks with other banks as it scrambles to restore market confidence

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Deutsche is cutting back a workforce of around 100,000, revamping information technology and shrinking non-core assets.

Frankfurt

DEUTSCHE Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles to restore market confidence undermined by a demand by US authorities for up to US$14 billion over mis-selling allegations.

Qatari investors who own the