Deutsche Bank is set to post a 40% upswing in revenues within its credit trading business in the second quarter, a division which slumped during the first three months of 2020. It is a vital business for the German lender, which is expected to post an overall loss for the period as the full impact of the Covid-19 crisis is felt. 

The German lender’s global credit trading business is set to post revenues of around €650m in the second quarter of this year, according to two sources with knowledge of the figure, 40% more than the approximately €470m it made in the first three months of 2020 as the unit struggled across the investment banking sector.