Deutsche’s record year for DCM overshadowed by first quarterly loss since 2008 for IB
With its investment bank sinking into a quarterly loss for the first time since the last quarter of 2008 the last three months of 2012 were not a pleasant time for Deutsche Bank. The German bank’s numbers were dragged down by impairments as well as a compensation bill that increased in spite of the front office workforce falling by 1,000.
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