Morgan Grenfell Profits Boosted By Treasury
BANKS
Morgan Grenfell Group PLC, a U.K. merchant bank, has disclosed a record financial performance for 1992, boosted by excellent results in treasury operations.
Pre-tax profits last year at Morgan Grenfell, for the past three years a member of the Deutsche Bank Group, were £80.2 million, compared with £53.9 million in 1991, an increase of almost 50 percent.
"Our treasury business had an excellent year in foreign exchange, interest rate and derivatives markets, and we provided risk management advice
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