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Private banking/asset management dent Deutsche’s stellar Q1

Deutsche Bank yesterday (April 27) announced strong first quarter results, buoyed by excellent returns in its corporate and investment bank division, which reported net revenues of €6.6bn (US$8.8bn, up 40% YOY). Net revenues for the group were €9bn, up 24% from the corresponding quarter in 2009. The bank however did show weakness in its private clients and asset management (PCAM)…

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