032805
BREAKING NEWS
Deutsche’s IT Costs Fall
Deutsche Bank saw IT costs decrease last year by €187 million ($242 million), or 10 percent, compared to IT costs in 2003. The figures are reported in its 2004 annual report, which puts the decrease down to cost containment efforts, deconsolidation and outsourcing effects, and a stronger euro. However, the report explains that the decrease was partly offset by higher costs for payment and clearing services, mainly on service agreements with Postbank, the purchaser of the
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