Fixed income traders fail to prevent Deutsche IB losing money

Deutsche_PA_575x375_30Jan2020
By Jasper Cox
30 Jan 2020

A hefty increase in revenues from rates and credit trading helped Deutsche Bank’s investment bank in the fourth quarter, but the division still made a loss.

Deutsche’s new look investment bank is heavily dependent on its fixed income and currency sales and trading (FIC) business. In 2018, this made up 41% of its revenues. Now, with equity sales and trading removed and transaction banking rehoused in a different division, FIC made up 80% across ...

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