Deutsche Tops German Counterparts In Terms Of 1996 FX Trading Revenues
BANKS
Deutsche Bank reports strong year-end net forex trading profits for 1996 of Dem591 million ($384 million), an 11 per cent year-on-year gain. Meanwhile, earnings are lower among most of its German counterparts, with Commerzbank turning in a 31 per cent decline in net FX dealing income to Dem129 million ($84 million), followed by Dresdner Bank with a 12 per cent decline in currency/precious metals trading income to Dem96.8 million ($62.8 million).
Deutsche, which along with Commerzbank are the only
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