Origination and advisory contract as Deutsche takes restructuring P&L hit
It was set of gruelling results for Deutsche Bank’s corporate and investment bank on Wednesday, with revenues from debt underwriting, equity underwriting, advisory and equity trading all underperforming peers that have already posted figures. Meanwhile, the group as a whole recorded substantial charges from its restructuring plans but said this would not impact its capital ratio much.
Net revenues in the corporate and investment bank (CIB) of €2.49bn in the second quarter represented a fall of 18% from the equivalent quarter last year.Across origination and advisory, revenues were down by 30% to €407m, compared with analyst consensus of €505m. Deutsche blamed lower industry ...
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