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Business

Deutsche Makes Unexpected Third Quarter Gains

Thanks to solid operative earnings, a low tax burden and cutting bad loan provisions, Deutsche Bank has recorded a third-quarter profit, it reported on Thursday. Germany's biggest bank posted total revenues of €5.2 billion ($6.0 billion), up from €4.7 billion a year ago. Pre-tax profit reached €755 million. Deutsche's net profit was €576 million, in contrast to a €299 million loss during the same period last year.