Deutsche Bank On Track For Record Year In Forex As Trading Profits For 1999 Soar
NEWS
FRANKFURT--Deutsche Bank has announced a leap of 170 per cent in its trading profits for 1999, fuelling expectations that its gains from forex will hit a record high.
The bank reported preliminary results last week, with trading revenues of EUR4.8 billion ($4.7 billion) -- up from EUR1.77 billion a year ago. The leap boosted the group's net income by 50 per cent.
Within that trading profit, an official at Deutsche said the bank will make more than last year's result of $667.5 million from foreign
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