Deutsche Bank to buy back up to $497 million in shares

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The measure, larger than last year’s buyback of 300 million euros, reflects the improved financial state of Germany’s largest lender.

The bank had previously flagged that it would aim for a buyback during the second half of this year.

The announcement of the buyback, which will begin in August, comes ahead of quarterly earnings on Wednesday.

($1 = 0.9059 euro)