29/07/2010 Author: Ben Haidari

Deutsche Bank reveals fall in Q2 profits

Deutsche Bank has unveiled Q2 profits of €642m ($839.5m), a €285 ($372.7m) drop on the same period last year, as the German banking giant negotiated volatile markets. 

Although the bank's Prime Finance unit was hit with spread compression during the quarter, as derivative values see-sawed, client financing revenues remained solid and balances increased, according to the bank’s quarterly results statement.

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