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Deutsche Bank’s dealmaking fees slip 29%, as fixed income traders shine

Investment Banking Editor

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Deutsche Bank’s dealmaking fees tumbled by nearly 30% in the second quarter, even as its fixed income traders posted a surge in revenue. 

The German lender has focused on hiring senior dealmakers over the past year, but its investment banking fees slipped by 29% in the second quarter to €416m as its debt capital markets revenue fell 43%. This was below what analysts had predicted.

The German lender has posted a steep decline in dealmaking fees after Wall Street rivals’ revenue held up

Paul Clarke

Finance

Banking

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