Deutsche Bank sees 3.7 billion euros in one-off revamp costs

April 27, 2015 6:16 AM

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Deutsche Bank sees 3.7 billion euros in one-off revamp costs

FRANKFURT (Reuters) - Deutsche Bank will cut some 200 billion euros ($217.46 billion) in investment bank assets and exit a tenth of the countries it operates in, as part of a restructuring program that will cost 3.7 billion euros to implement.

The group said on Monday it aimed for 3.5 billion euros in cost savings by exiting low-profit businesses or regions, closing branches, selling Postbank and by increasing automation.

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