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Barclays, Deutsche Bank face slowdown at investment banks

European bank shares are being undermined by concern over industry's profit sustainability

TOUGHER SLOG: Deutsche Bank is eliminating about 9,000 jobs on a net basis by 2018.


BARCLAYS plc and Deutsche Bank AG, both in the midst of overhauling their investment-banking operations, are facing an even tougher slog to boost profitability as market turbulence threatens to undermine revenue.

Barclays said on Thursday it's accelerating a plan to focus on...