Deutsche's Q1 profit

Deutsche Bank reported pre-tax profits of EUR1.8 billion for the first quarter, clawing its way back from a catastrophic EUR6.2 billion pre-tax loss in Q4 of 2008. The group's corporate and investment bank division achieved net profits of EUR4.9 billion, up from EUR1.5 billion in Q1 of 2008. Its tier 1 capital ratio also improved slightly, rising from 10.1% to 10.2% during the quarter. Despite the positive top line, Deutsche Bank reported total markdowns of EUR1 billion, including EUR841 million