Ackermann sends warning for 2010 despite Eu5bn DB profit
Deutsche Bank’s investment banking business helped it to a turnaround from its largest loss in history in 2009 but this year will be much more difficult for the business unit, management board chairman Josef Ackermann warned on Thursday.
"It will be a while before we see an investment banking market environment as favourable as that of 2009," he said. "[In 2009], conditions fostered high volumes and high profit margins in many areas. We intend to make up for that in other areas."
Deutsche Banks investment banking business
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