Deutsche Bank Cites Progress in Turnaround

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Deutsche Bank is hoping to convince investors that an ambitious five-month-old reorganization is on track

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FRANKFURT—Deutsche Bank AG said it is making progress cutting costs and stabilizing businesses weakened from revenue declines in its effort to convince investors that an ambitious five-month-old reorganization is on track.

Germany’s biggest lender on Tuesday kicked off a day of presentations for investors with a statement from Chief Executive Christian Sewing that the bank has made headway, despite economic and other challenges. “We are in line with our plan and even ahead in several areas,” he said.

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