Deutsche succumbs to crisis with €141m Q1 loss

Net revenues across several business lines declined dramatically during the first three months of 2008, with Deutsche's corporate and investment banking arm seeing just €1.5 billion in turnover after posting revenues of €6.7 billion for the same period last year.

Results were even worse in the corporate banking and securities division, which recorded turnover of €880 million versus €6.1 billion for the first quarter of 2007. The bank attributed falling business volumes to "depressed client a

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