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03.08 - 11:23
Deutsche Bank’s fixed income trading falls 10% as dealmaking fees surge
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fnlondon.comDeutsche Bank's hulking fixed income trading unit declined by 10% in the second quarter, dragging down revenue within its investment bank despite a surge in dealmaking fees.
The German lender posted revenue of €2.4bn within its investment bank in the second quarter of 2023, which was above market expectations but down 11% compared with a year earlier. The decline was down to a 10% fall in fixed income and currencies revenue, was still ahead of analyst predictions at €2.1bn.
Deutsche...
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