Sales and trading boost for Deutsche’s Eu1.4bn Q3 profit

29 Oct 2009

Record third quarter revenues in debt sales and trading helped Deutsche Bank post a Eu1.4bn profit for the last three months on Thursday, as the bank also recorded an improvement in income from advisory and asset management.

Deutsche stressed that an increased market share within the US fixed income market as well as overall “robust volumes of primary issuance” had led it to top last quarter’s Eu1.092bn profit.

The strong results in the corporate banking and securities division pushed performance-related compensation higher in the third quarter ...

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