Investment Banking

Deutsche Bank’s investment bank to shrink by 10% in third quarter, CFO says

The 10% decline beats analyst expectations

Deutsche Bank’s investment bank to shrink by 10% in third quarter, CFO says
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Deutsche Bank's investment banking unit will post revenues around 10% down on last year in the third quarter of 2021, its chief financial officer James von Moltke said.

Von Moltke told a Bank of America virtual conference on 23 September that revenues in the investment banking unit were unlikely to match a stellar third quarter of 2020. However, the 10% decline is ahead of analyst expectations, which have predicted an 18% decline over the period.

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