Deutsche Bank has revealed its investment banking arm is set to record its first quarterly loss in five years following similar warnings from rivals, after taking a €2.2bn ($3.1bn) hit relating to the credit crisis.

Josef Ackermann, chairman and chief executive of Deutsche Bank, told investors in London that its corporate banking and securities arm would slump to a loss of between €250m and €350m in the third quarter following losses in leveraged loans and fixed income.