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Deutsche Bank plans to scrap dividends

Germany’s Deutsche Bank will suspend dividends for two years as co-chief John Cryan tries to improve capital levels. ||| Frankfurt - Deutsche Bank said it plans to suspend dividends for two years as co-Chief Executive Officer John Cryan seeks to improve capital levels and returns by cutting costs. The bank, which has paid a dividend since Germany’s post-war reconstruction, plans to recommend resuming payouts from fiscal year 2017, according to a statement late on Wednesday in Frankfurt.
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