Deutsche Bank Q3 trading gains overshadowed by writedowns

October 29, 2015 8:25 AM

35 0

Deutsche Bank Q3 trading gains overshadowed by writedowns

[FRANKFURT] Deutsche Bank posted a 20 per cent rise in revenue at its lucrative bond trading business in the third quarter, helping to take the sting out of its previously announced record 6 billion-euro (US$6.6 billion) group pre-tax loss.

Revenue at its Corporate Banking and Securities business rose 2 per cent to 3.2 billion euros, helped by higher revenue in rates, credit and distressed and emerging markets, Germany's largest lender said in a statement on Thursday.

Also read: House Passes ABA-Advocated SIFI Designation Bill

Read more

To category page

Loading...