Deutsche Bank has received good revenue from commodities trading in the April-June quarter, Commodity Online reports. The bank’s value-at-risk (VaR) in commodities edged higher to $19 million in January-June, as compared to $18.24 million in 2010.
In the same period, the bank’s overall VaR lowered to $111.89 million from $137.34 million in 2010. The bank’s fixed-income, credit and commodities trading division generated revenues of $3.3 billion, up 8% from last year but down 37% quarter on quarter, adds Reuters.
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