Deutsche Bank Records Best Quarterly Profit in 14 Years!
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Revenues amounted to €8.5 billion during this period, which represents a 10% increase compared to the previous year. The return on equity after taxes also exceeded the target of 10%, reaching 11.9%. Provisions for credit losses increased from €420 million in the fourth quarter to €471 million. Investment banking offsets profit decline in the lending sector Group CEO Christian Sewing attributed the strong results to revenue growth and reduced costs. James von Moltke, CFO of Deutsche Bank, notes "a momentum across all business areas" and...
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