Deutsche Leads German Banks In First Half Forex Trading Gains
BANKS
FRANKFURT--Deutsche Bank reports a 43 per cent leap in first-half revenues from proprietary trading in FX, precious metals and foreign notes/coins, leading its German counterparts with DEM629 million ($348 million) at the interim stage.
However, results were not so strong across the board in Frankfurt. Market participants say that although banks benefited from high levels of volatility in the Japanese yen and the emerging markets, the relative dearth of activity in Europe, particularly in US
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