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Shrugs greet Deutsche’s loss
The markets didn’t quite ignore the rushed news of Deutsche Bank’s fourth-quarter 2013 €1.2 billion loss stemming from litigation charges, restructuring costs and weak performance in its fixed-income business. Sure, the shares fell 6.5%, but this came after a more than 20% rally from the middle of 2013. Investors might have contented themselves that, after stripping out all the accounting nonsense and the litigation one-offs, the underlying performance wasn’t too bad.
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