Deutsche Bank AG on Tuesday said it no longer expects to reach the targeted €10 billion ($13.18 billion) pretax profit from operating businesses this year, as uncertainty caused by the European sovereign-debt crisis ate into volumes and revenue in the third quarter, notably at the investment bank, according to the Wall St Journal.
But not to worry dear reader - ”Nevertheless, the bank will be profitable in the third quarter and expects a robust earnings level for the full year 2011,” CEO Josef Ackermann told an investor conference in London, according to a company announcement.
Read more at http://online.wsj.com/article/SB10001424052970204524604576610412050256944.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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