A little over two years after "going on a diet", Deutsche Bank turned in a fourth-quarter performance in investment banking that beat both its US rivals and analyst expectations.
Net fourth-quarter underlying revenues at the corporate banking and securities unit, led by Colin Fan and Rob Rankin, climbed 12% from a year earlier to €3 billion, as sales and trading revenues rose in both debt and equities. Revenues also climbed in debt origination and advisory work.
