Rates, EM hamper Deutsche but debt origination improves
Deutsche Bank posted declines in investment bank revenue on the back of a fixed income trading fall in its third quarter results, released on Wednesday. But debt origination revenue grew. A change in the bank’s reporting structure to reflect its new capital release unit has allowed it to shield the investment bank from costly losses on unwanted assets.
Deutsche said that its investment bank had progressed in its aims to stabilise revenue, reallocate resources and reduce costs in the quarter.The bank was publishing results for the first full quarter since it announced its restructuring in July, dispensing with much of its equities business and ...
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