Deutsche Bank to suspend dividends for two years

October 29, 2015 8:25 AM

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FRANKFURT: Germany's Deutsche Bank said Wednesday it will not pay dividends in 2015 and 2016 as it seeks to cut costs as part of a major business and management restructuring.

The Frankfurt-based lender said it hoped to resume paying dividends in 2017. It has paid a dividend every year since Germany's postwar reconstruction, including throughout the 2008-2009 financial crisis.

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