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Europe's Largest Bank Just Scrapped Its Dividend

Make no mistake, the writing has been on the wall for months. Deutsche Bank is going through a painful restructuring that began with the ouster of co-CEOs Anshu Jain and Jürgen Fitschen and culminated in new CEO John Cryan’s move to eliminate a quarter of the workforce, or some 23,000 people. The bank then proceeded to announce a shakeup in the corporate structure before moving to cut the I-bank bonus pool by some $566 million.
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