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Deutsche Bank’s fixed income traders fuel investment bank gain
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Deutsche Bank's fixed income traders helped push its investment bank to an 11% gain during the second quarter, even as the German lender posted sharp declines in dealmaking fees.
The German lender posted €2.6bn in revenue within its investment bank in the three months to the end of June, which was ahead of analyst expectations and up by 11%. The €2.4bn in fixed income trading revenue was up by 32% for the period and ahead of market predictions.
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