Investment Banking

Deutsche Bank deal fees jump 54% on debt boom

The increase follows an aggressive recruitment spree of senior bankers

Thursday 25 April 2024 at 05:32

Deutsche Bank’s investment banking business rose  sharply during the first quarter
Deutsche Bank’s investment banking business rose sharply during the first quarter Photo: Bloomberg via Getty Images

Deutsche Bank’s dealmaking unit surged by 54% in the first quarter of 2024, as a boom in debt underwriting fuelled a rapid bounce back in fees.

The German lender hiked compensation costs within its investment bank by 12% to €686m during the period as it added front office staff, with both dealmaking and trading revenue increasing during the period.