Deutsche Bank’s profits rose by more than two-thirds in the first quarter but the group’s struggling investment bank swung to a loss just as it looks for shareholder buy-in to its strategy after abandoning merger talks with Commerzbank.
The German lender posted profits of €201m for the three months, a 67% year-on-year increase despite a 9% slip in revenues to €6.3bn. Both figures were ahead of analyst predictions.
