Deutsche Bank, Germany’s largest bank, on Thursday reported that investment banking activities had sharply boosted Q3 net profit. The bank’s best-ever third quarter for debt and equities sales and trading – combined with €369m of net tax benefits – pushed quarterly net profit to €1.4bn ($2bn), compared with €414m a year earlier. The results also suggested bigger bonuses to come for the bank’s employees, with compensation expenses reaching €9bn in the first nine months of the year, up from €7.5bn a year ago.

This entry was posted by Gwen Robinson on Friday, October 30th, 2009 at 4:34 and is filed under Capital markets. Tagged with deutsche bank. Edit this entry.