FRANKFURT -- Deutsche Bank said on Tuesday it has agreed on a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based
financial products for clients.
The deal is part of a 13 billion euro technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses. A source familiar with the matter told Reuters that Deutsche Bank expects the partnership to generate more than 1 billion euros in accumulated earnings before income and tax over the next ten years.
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