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Deutsche Bank investment banking resilient

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Deutsche Bank investment banking resilient
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Deutsche Bank has reported a one billion euro quarterly pretax loss – but that was expected and was due to a more than two billion euro charge from its acquisition of Deutsche Postbank.

More significantly, Deutsche Bank said it is optimistic about its business for the rest of this year.

And there was resilient profit from its investment banking division in contrast to rivals Credit Suisse, UBS and Morgan Stanley.

A rebound in sales and trading of debt products since late September had left the bank “very positive” about the fourth quarter, Chief Financial Officer Stefan Krause said.

But he had added the uncertain nature of markets left Deutsche Bank unable to give a definitive outlook.