Deutsche Bank third-quarter trading gains overshadowed by writedowns

October 29, 2015 8:25 AM

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Deutsche Bank third-quarter trading gains overshadowed by writedowns

FRANKFURT (Reuters) – Deutsche Bank posted a 20 percent rise in revenue at its lucrative bond trading business in the third quarter, helping to take the sting out of a record 6 billion-euro (4.3 billion pounds) group pre-tax loss.

Revenue at its Corporate Banking and Securities business rose 2 percent 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.

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