Deutsche Bank reports fall in profits

25th October 2011, Comments 0 comments

Germany's top lender Deutsche Bank announced on Tuesday a fall of 37 percent in profits over the third quarter, to 777 million euros ($1.08 billion), blaming the financial downturn.

The eurozone debt crisis, market turmoil, and fears of a global slowdown combined to create the worst financial climate since the collapse of Lehman Brothers in 2008, bank chief Josef Ackermann said in a statement.

© 2011 AFP

0 Comments To This Article