Deutsche Bank profits from IMF impact
Deutsche Bank, a top-three bank in foreign exchange, said it had profited from soaring market activity, sparked by the September communiqué from G-7 nations at the IMF meeting emphasising the need for more flexible exchange rates globally.
Although the bank has stopped breaking out FX figures in interim reports, Gordon Wallace, head of FX trading in London, said there was a "moderate" year-on-year increase in FX trading revenues in Q3, as a result of heightened activity surrounding the G-7
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