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Litigation forces Deutsche Bank to restate profits

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FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> cut its previously reported 2012 pretax profit by 600 million euros (510.3 million pounds) on Wednesday, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.

Europe's biggest bank by assets declined to say why it had increased litigation provisions to 2.4 billion euros, forcing it to correct its January 31 earnings report which already showed the worst quarterly loss in four years.

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