Tag: Germany’s biggest lender

Deutsche Bank halves profits in first quarter

FRANKFURT , Germany (AFP) — Deutsche Bank, Germany’s biggest lender, said Thursday that its profits were more than halved in the first quarter as the slowing global economy weighed on client activity. But the bank’s first-quarter performance still largely beat analysts’ expectations. Deutsche Bank said in a statement that net profit fell to 214 million euros ($243 million) in the period from January to March, down from 544 million euros a year earlier. That represented […]