Germany's DZ Bank makes record profit

A turnaround in interest rates and strong capital markets resulted in record profit last year for Germany's DZ Bank Group. With almost €3.2 billion ($3.47 billion) before taxes and some €2.23 billion after taxes, the cooperative central institution surpassed its previous best figures from 2021. The preliminary figures presented on Thursday were significantly better than the board of managing directors had forecast after record profit in the first half of the year. With a backdrop of geopolitical

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