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Deutsche Bank new chief flags record Q3 loss, plans to axe 23,000 staff

John Cryan also warns of possible 2015 dividend cut

Mr Cryan said in July that raising additional equity would not solve the bank's core problem of low financial returns. But some analysts said that a capital increase is inevitable - probably next year.


DEUTSCHE Bank's new boss John Cryan set about cleaning up Germany's biggest bank, flagging a record pre-tax loss of six billion euros (S$9.5 billion) for the third quarter and warning investors to brace for a possible 2015 dividend cut.

Mr Cryan became chief executive in...

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