Deutsche's investment bank makes almost €1bn, again

By Jasper Cox
28 Oct 2020

Deutsche Bank's fixed income and currency bankers continued a strong run in the third quarter, the firm's results on Wednesday showed. Profit before tax at the investment bank has now been enough to cover losses from the capital release unit for two consecutive quarters.

Deutsche's investment bank is centred around its bond and FX trading and sales operation. Last quarter, the fixed income and currency (FIC) business generated €1.80bn, up 47% from the equivalent quarter a year ago, and beating analysts' estimates by around a quarter.

That rate of increase year-on-year also ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial