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In the absence strong market cues, focus became centered
on Deutsche after an internal bank document seen by Bloomberg News
revealed that 10 hedge funds have shifted a portion of their listed
derivatives holdings from Deutsche Bank to lower their financial exposure
to the lender. Meanwhile, Commerzebank AG has announced to cut around 20%
of its staff. In the US, Wells Fargo also agreed to pay more than $24mn
as settlement for improper repossession of cars..
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