German Banks Increase FX Earnings In First-Ever Reporting Of Figures

BANKS

In a break with traditional reporting practices in Germany, Deutsche Bank and Dresdner Bank have both published separate figures for foreign exchange earnings for the first time this year, showing improved performance in 1995 over the previous year.

Deutsche, which for 1995 has switched its annual reporting over to the International Accounting Standard (IAS), published an FX earnings figure that includes income from customer trading and other FX dealing room activities that is equivalent to

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