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Despite panic by investors in March, the bank’s bread-and-butter lending business offset declines at the investment bank
Deutsche Bank AG said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates.
The performance of its bread-and-butter lending and deposit-taking business offset a weaker performance for its investment-banking operation, which continued to be hit by a drought in deal making and capital raising by clients.
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