The Presidential Daily Brief


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    Embattled Deutsche Bank Unexpectedly Profitable This Quarter

    Things could be worse. After a net loss of $6.5 billion for the same period last year, Deutsche Bank saw a $303 million profit for Q3, despite an industry consensus that it would post a loss. The bank’s still in trouble: The U.S. Justice Department is asking it for $14 billion to probe shady pre-financial crisis selling of mortgage-backed securities, and its shares have fallen 41 percent in 2016. Now officials say the bank will go ahead with restructuring — and trying to negotiate with the Justice Department.

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