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Deutsche Bank scraps 2011 profit target

2011-10-04 13 Dailymotion

Blaming Europe's sovereign debt crisis, Deutsche Bank has said it will not make its target of 10 billion euros in profit before tax this year. "The intensifying European sovereign debt crisis led to sustained uncertainties among market participants in the third quarter and thus to significantly reduced volumes and revenues," Chief Executive Josef Ackermann said in a statement. ... http://www.euronews.net/

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