Deutsche Bank’s trading revenue to decline for third consecutive quarter: Report
Live MintDeutsche Bank AG will likely see a third consecutive quarter of declining revenue from trading, according to a report by Bloomberg. The fixed-income unit will see a ‘normalization’ between July and September compared to the strong performance a year ago, Chief Financial Officer James von Moltke said at a conference hosted by Bank of America Corp, according to Bloomberg. Deutsche Bank’s securities unit was by far the biggest growth driver for Chief Executive Officer Christian Sewing for the past several years, but it has recently been replaced in that role by the corporate and private banking unit, which are benefiting from higher interest rates, according to Bloomberg. Meanwhile, Germany's top financial regulator has called problems affecting customers at Deutsche Bank's Postbank unit ‘unacceptable’, two weeks after the agency issued an unusual rebuke of the lender.
History of this topic
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