FX thrives in challenging times
On July 31, Deutsche Bank revealed an increase in FX, money markets and interest rate products revenues in Q2 results compared with Q2 2007, driven by strong customer volumes and favourable market positioning.
However, these year-on-year FX gains failed to lift the bank's sales and trading for debt and other products. These revenues fell 79%, or €2.3 billion, from the second quarter of 2007 to €602 million in Q2 this year.
The German dealer primarily attributed the decrease to markdowns of €2.1
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