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Deutsche Bank warns legal charges threaten its recovery

Investors expect new chief exec to lead big changes at the lender, which has been hit by scandals and fines
Friday, July 31, 2015 - 05:50

Frankfurt

DEUTSCHE Bank's new boss hit out at staff in a memo on Thursday saying performance was "nowhere good enough" after Germany's largest bank warned that its turnaround was at risk from heavy legal charges.

New chief executive John Cryan said "wasteful" cost increases had