Deutsche Bank profits plunge 69%

Germany’s Deutsche Bank saw net profit fall 69% to €186m in the fourth quarter as the eurozone debt crisis hit its businesses in investment banking and trading stocks and bonds.

Deutsche Bank profits plunge 69%
Thu, 02 Feb, 2012 - 07:44

Germany’s Deutsche Bank saw net profit fall 69% to €186m in the fourth quarter as the eurozone debt crisis hit its businesses in investment banking and trading stocks and bonds.

It fell far short of analysts’ estimates compiled by FactSet of €492.5m, and compares unfavourably with €605m in the same quarter last year.

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