Deutsche Bank Outperforms German Peers On Strong Q3

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FRANKFURT--Deutsche Bank is on course for a record year in FX, with third-quarter results already nudging DEM1 billion. The bank's reported profits from proprietary dealing in foreign exchange, metals and notes are DEM996 million ($598 million) for the nine month period to the end of September. This total already surpasses Deutsche's full-year FX trading profits for 1997, and represents a 38 per cent year-on-year gain.

At the interim stage, Deutsche stood as the seventh largest FX bank, ranke