Investment Banking

Deutsche Bank’s dealmakers shine as profit hits 10-year high

Fixed income trading held up better than Wall Street rivals in the final months of the year

Christian Sewing, the German lender's chief executive, is set to unveil a new strategic plan after three years of cost-cutting that has seen thousands of jobs lost
Christian Sewing, the German lender's chief executive, is set to unveil a new strategic plan after three years of cost-cutting that has seen thousands of jobs lost Photo: Alamy Stock Photo

Deutsche Bank capped its most profitable year in a decade as revenues within its investment bank surged and its hulking fixed-income trading unit held up better than Wall Street rivals.

Christian Sewing, the German lender's chief executive, is set to unveil a new strategic plan after three years of cost-cutting that has seen thousands of jobs lost and a retreat from key business lines including equity trading.

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