Shares in Deutsche Bank tumbled after it dashed hopes for a stock buyback and set aside $1.4 billion related to a longstanding takeover dispute... almost all of the profit the bank recorded in the first quarter.
While Deutsche Bank is 'seeing some stabilization' in the broader US commercial real estate market, the office part of that will likely 'continue to be impacted' for the rest of the year, Chief Financial Officer James von Moltke said... source for more than a quarter of the bank's credit provisions in the last three-months period.
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