Deutsche Bank has said its earnings fell by 46% in the second quarter as the euro zone debt crisis hurt investment banking activity and revenue from trading securities.
Net earnings fell to €661m from €1.233 billion in the same three months a year ago. Revenues were down 6% to €8 billion.
The results were the first reported under new co-chief executives Anshu Jain and Juergen Fitschen.
"The European sovereign debt crisis continues to eigh on investor confidence and client activity across the bank," they said.
European governments such as Spain and Italy are struggling with high levels of debt, and the prospect they might default or need bailouts has unnerved markets.
