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Deutsche Bank's co-CEOs unveil their plans to deliver return to shareholders in a lousy macro...

Deutsche Bank's co-CEOs unveil their plans to deliver return to shareholders in a lousy macro environment for investment banking, promising €4.5B in annual savings by 2015 - greater than the €3B floated 2 months ago. No report is made on whether the two will take down bank leverage. It's TBTF on steroids in Germany, where DB's assets exceed Tier 1 capital by more than 40X. Shares +2.4% premarket.
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