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Deutsche Bank’s fixed income traders surge to 10-year high as dealmaking slumps by 62%
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Decade-high revenue within Deutsche Bank's fixed income unit helped support profit at its investment bank in 2022 as dealmaking fees at the German lender slipped by 62% — a bigger drop than its Wall Street rivals.
The German lender's fixed income trading division brought in €8.9bn last year, a 26% rise and its best figure for 10 years, albeit slightly below analyst expectations for the period. Overall pre-tax profit within Deutsche's investment bank was down by 6%, as dealmaking fees of €1bn slid by 62% compared to a year...
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