Deutsche Bank's net income before taxes in the fourth quarter fell 25% year-to-year but its results were viewed relatively favorably as it managed to avoid the mortgage-related net writedowns during the period. "We had no net writedowns related to subprime, CDOs or RMBS exposures," Josef Ackermann, chairman of the company's management board, said. Deutsche Bank can be found online at http://www.db.com.

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