RPT-UPDATE 2-Deutsche Bank pledges overhaul, shares slide

April 27, 2015 8:19 AM

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FRANKFURT, April 27 (Reuters) - Deutsche Bank will cut 200 billion euros ($217.5 billion) in investment bank assets and exit a tenth of the countries in which it operates as part of a restructuring programme designed to boost earnings and cut risk.

After sticking with its costly universal banking model in the aftermath of the financial crisis, Germany's largest bank is under pressure from investors to follow rivals such as UBS and Credit Suisse by culling unprofitable operations.

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