Deutsche Soars To Third Slot With Bumper Year For 1999
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FRANKFURT--1999 was the best year ever for Deutsche Bank's foreign exchange operation which hit a record EUR817 million ($823 million) pipping Chase Manhattan at $807 million into third place in terms of market prominence.
"However, unlike Chase whose profits dropped last year, Deutsche’s revenues have soared. The result is a real achievement for Deutsche," says a banking analyst.
"The bank has shown that it is fast challenging other heavyweights in terms of global reach. And, as the results show
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