GERMANY - Deutsche Bank reported a net loss of €141m (US$219.3m) in Q1 2008 with an 8% poorer performance in asset management revenues than the same period last year.
The German giant attributed the drop to write downs of leveraged loans and commitments of €2.7bn over the three months. Josef Ackermann, chairman, Deutsche Bank management board, commented: "In ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date