Mixed results for European banks
NEWS
Deutsche Bank took the lead with a 20% rise in sales and trading revenue from debt and other products, including FX. The figure stood at €3.355 billion (US$4.5 billion) in Q1 2007, up from €2.807 billion in Q1 2006.
The bank partly attributed the rise in trading revenue to a healthy quarter in FX. Deutsche said the FX operations gained record net revenues because of higher customer volumes and volatility in major currency markets.
French rivals BNP Paribas and Société Générale Corporate and
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