Deutsche Bank ups bad-loan provisions
China Daily | Updated: 2009-07-29 08:00
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Clemens Boersig, chairman of the supervisory board of Deutsche Bank AG, left, Josef Ackermann, center, chief executive officer of Deutsche Bank AG and Stefan Krause, a member of the board of Deutsche Bank AG, pause during a recent meeting in Frankfurt. Bloomberg News |
FRANKFURT: Deutsche Bank AG braced for an economic slump by raising loan loss provisions in the second quarter, overshadowing a nearly 70 percent rise in net profit driven mainly by its investment bank.
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