Investment Banking

Debt trading drives Deutsche back into black

German bank follows Wall Street rivals with rates revenues driving a sales and trading upturn, while origination buoys banking

Debt trading drives Deutsche back into black
Photo: iStockPhoto

Rising third-quarter revenues from debt trading and capital markets origination have allowed Deutsche Bank to draw a line under losses across both its banking and markets units a year ago.

The German bank on October 27 published results for the three months to September 30, a period in which chief executive John Cryan said attention on ongoing discussions with the US Department of Justice over residential mortgage-backed securities sales had "overshadowed" positive developments in the bank's restructuring.

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