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Chief Concedes 'Serious Errors' by Deutsche Bank

FRANKFURT -- The chief executive of Deutsche Bank apologized in especially contrite terms on Thursday for the long list of misdeeds that tarnished the German lender's reputation and cost it billions of euros in fines and settlements, adding that bonuses of top managers would be cut.

The unusually strong expression of humility, which came as the bank disclosed a quarterly loss of 1.9 billion euros, or $2 billion, reflected the tone that John Cryan, the chief executive, has tried to set sinc

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