Deutsche Bank earnings slump 46%

Deutsche Bank has said that its earnings fell 46% in the second quarter as the eurozone debt crisis hurt investment banking activity and revenue from trading securities.

Net earnings fell to 661 million euro (£516 million) from 1.233 billion euro (£963.3 million) in the same three months a year ago. Revenues were down 6% to 8.0 billion euro (£6.25 billion).