Deutsche Reports Solid FX Results; Integrates Investment Banking Unit
BANKS
FRANKFURT--Deutsche Bank reports record results from its proprietary trading activities in FX, metals and foreign notes/coins and, as expected, has integrated its Deutsche Morgan Grenfell investment banking division.
Deutsche, currently ranked as the eighth largest bank in FX according to FX Week's Top 40 Interim Ranking for 1997 (FXW, October 13), reports revenues from proprietary dealing in FX, metals and foreign notes/coins rose 55 per cent to DEM916 million ($509.26 million) from DEM591
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