Fixed income traders fail to prevent Deutsche IB losing money
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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