The wealth management division of German lender, Deutsche Bank, recorded an 8% year-on-year drop in net revenue over the past quarter. Net revenue of Deutsche Bank’s wealth management unit was €498 million (US$566.9 million) for Q1 2016, a drop of 8% from €539 million (US$613.5 million) year-on-year, and 2% quarter-on-quarter. The bank attributed this drop to lower fee income due…
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