Forex lifts Deutsche Bank results in Q1

- Marcus Jones
- 04 May 2009

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FRANKFURT - Record foreign exchange revenues helped boost first-quarter earnings at Deutsche Bank's corporate banking and securities (CBS) division by 480%, reaching e4.2 billion versus e880 million in 2008.

The bank's Q1 results, released last Tuesday (April 28), revealed that FX revenues have doubled compared with Q1 2007 and reached record levels this past quarter, although no figures were provided.

Sales and trading figures for interest rates and money markets were also impressive, with

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