Deutsche Bank Moves To A Loss
In another sign of the fallout from EU financial problems, Germany’s flagship bank lost money in the fourth quarter. The bank lost $463 million in the final quarter of last year. It blamed a severe drop in investment banking fees, brought…
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In another sign of the fallout from EU financial problems, Germany’s flagship bank lost money in the fourth quarter. The bank lost $463 million in the final quarter of last year. It blamed a severe drop in investment banking fees, brought on by a sharp slowdown in the financial activity of EU-based companies–which in turn was brought on by the sovereign debt crisis and falling national GDPs
If DB has suffered so badly, what of the region’s less powerful banks?
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