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Deutsche Bank’s dealmaking unit slides by 85% on leveraged loan losses
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Deutsche Bank's dealmaking unit tumbled by 85% during the third quarter as the German lender was hit by losses on leveraged loans and its equity underwriting division slipped into the red.
Deutsche posted revenue of just €91m for the third quarter in its origination and advisory business. The 85% decline was the largest of any of its major peers to report so far and is below the €249m expected by analysts.
The...
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