Duttweiler Attributes Stronger FX Performance By Commerzbank To Rise In Customer Business
BANKS
Strong growth in trading income was the principal reason for a 51.8 percent improvement in Commerzbank's nine-month operating result to DM909 million, according to bank officials. Profits from own-account trading in FX, derivatives and securities nearly trebled to reach DM475 million, the bank reported.
Although the bank does not separately break out foreign exchange income--and German banks don't include most market-making and commission income in the trading figure--Commerzbank's treasury and
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