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Deutsche Bank earnings slump 46%
Independent – Deutsche Bank said today that its earnings fell 46% in the second quarter as the eurozone debt crisis hurt investment banking activity and revenue from trading securities. Net earnings fell to 661 million euros (£516 million) from 1.233 billion euros (£963.3 million) in the same three months a year ago. Revenues were down 6% to 8.0 billion euros (£6.25 billion). Read Article
Tags: 2nd Great Depression, banks, debt wealth, Europe, financial system
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