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Profits slide at Deutsche Bank
malaysia has unveiled a number of measures to boost its stock market and attract more foreign investments in expectation of slower growth in 2009 .
the new accounting rules allow banks to hold assets at a fixed price .
the government will also spected up market liberalisations and ease rules concerning foreign investomers buying industrial land and property .
despite the tough conditions and the write-down, the bank had econough cash to buy a stake in deutsche postbank, govermany's largest retail bank by branches and customers, during the quarter .
despited the action, malaysian finance minister najib ralisak has denied the country is in the grip of a financial crisis .
deutsche banks to hase reported a fallowed in third-quaracter pre-tax profits to 93m euros (Â75.5 $122.3m), down from 1.4bn euros for the same period largest year .
Generated 2008-11-2_3:46
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