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Deutsche Bank’s fixed income trading unit bolsters profit

M&A fees surged by 88% to €134m, an increase greater than its rivals, as activity remains robust despite concerns over the war in Ukraine

By Paul Clarke
Chief financial officer James von Moltke told journalists that compensation costs were higher than expected and that there would be pressure on pay in the future
Chief financial officer James von Moltke told journalists that compensation costs were higher than expected and that there would be pressure on pay in the future Photo: Getty Images

Deutsche Bank’s investment bank beat expectations as a surge in fixed income trading and mergers and acquisitions fees helped bolster overall profit.

Profits of €1.8bn (£1.5bn) within its investment bank were ahead of analysts’ predictions of €1.3bn for the first quarter of 2022, despite an 83% decline in equity capital markets fees — a bigger drop than most of its rivals.

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