Deutsche Shows Strength In FX As Bankers Merger Approaches
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FRANKFURT--Deutsche Bank's annual FX results continue to show a strong upward trend on the back of market volatility last year and continued momentum from the global restructuring that took place in 1997, says Hal Herron, global head of FX.
The bank reports trading profits from proprietary FX dealing, which includes customer business, of DEM1.111 billion ($667.5 million) for 1998. This represents a 21 per cent increase on the DEM916 million ($509.3 million) in FX revenues last year; and an 88 per
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