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Deutsche Bank's fixed income trading unit slipped in the first quarter, pushing its investment bank profit down by 42%, as it looks for an extra €500m in cost savings.
Investment Banking
Deutsche Bank to cut 800 jobs as fixed income trading splutters
The German lender saw a 31% fall in dealmaking revenue during the first quarter
For more on investment banking, catch FN's weekly newsletter here
Deutsche Bank's fixed income trading unit slipped in the first quarter, pushing its investment bank profit down by 42%, as it looks for an extra €500m in cost savings.