Deutsche Bank, the heart of the Octopus. - Ed.
Fresh turmoil hit the banking sector as Deutsche Bank issued a profits warning and analysts suggested that HSBC could need a massive injection of fresh capital.
Deutsche Bank, Germany's biggest lender, said it would post a net loss of about €3.9bn (£3.5bn) for 2008, compared with net profit of €6.5bn a year earlier – its first annual loss for five decades. The bank suffered a record €4.8bn loss in the fourth quarter as the financial crisis battered its debt and equity trading operations.
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