Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions

Deutsche Bank AG said it swung to a third-quarter profit Wednesday, beating expectations, as it benefited from a strong performance in investment banking and a faster-than-anticipated recovery in its home market.

The bank, long one of the most troubled global lenders with problems ranging from money-laundering scandals to an inability to make money and control costs, is the latest to report strong results despite deep economic turmoil. Since last year, the German lender has been overhauling its business, including making sharp…

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