Record Q4 for DB as CIB revenues rise by 31%
Deutsche Bank’s net revenues for the fourth quarter of 2010 hit a record Eu7.4bn, the bank announced on Thursday. Corporate and investment banking (CIB)’s net revenues increased by 31% to Eu4.6bn from Eu3.5bn for the same quarter in 2009.
Sales and trading for debt and what the bank calls other products saw an increase of 26% for the fourth quarter, with net revenues reaching Eu1.6bn. The bank said that increased trading volumes in foreign exchange helped offset the continued reduction in margins.
Revenues in money markets were
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