DB sees 25% drop in CIB profits

26 Apr 2012

Pre-tax profits in Deutsche Bank’s corporate and investment bank fell by 25% in the first quarter of the year, compared to the same period in 2011, with the bank posting a result of €1.7bn. A mere 3% fall in expenses compared to the 11% drop in revenues drove the fall in profits.

Business line results within the investment bank broadly mirrored the trends set by other firms in this reporting season. ECM and advisory revenues were down, by 23% and 24%, respectively.

The flat result in DCM was quite an achievement for the firm, which had a very strong first ...

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