Deutsche record revenues add to best forex year yet
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FRANKFURT -- Deutsche Bank last week reported a 25% year-on-year rise in forex revenues to earn just short of E1.4 billion ($1.2 billion) from FX in 2001.
That places the German giant in second place behind Citigroup on FX Week’s ranking of banks by global trading revenues, in what is likely to prove to be the most profitable year ever in foreign exchange. And with only the Japanese banks left to report their figures -- the Japanese fiscal year ends on March 31 -- the ranking is nearly complete
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