FIC revenues hamper Deutsche in Q4

By Jasper Cox
01 Feb 2019

Deutsche Bank’s weak set of results on Friday were driven by losses in its corporate and investment bank, notably in fixed income and currencies trading, but bank chiefs suggested the CIB performance was set to improve. The bank, subject to rumours about a merger with Commerzbank, also made sure to state that it had more than enough capacity to pay additional tier one coupons.

It was not all bad news. Deutsche announced its first full-year net profit across all divisions since 2014: €341m compared to a €725m loss last year. It also reported that it had exceeded its cost savings target. Adjusted costs of €22.8bn compares with the target of €23bn, and ...

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