Deutsche Bank posts 39% rise in first-quarter profit, but tariffs weigh

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The Star 15h ago

Deutsche Bank posts 39% rise in first-quarter profit, but tariffs weigh - The Star

Quick Summary:

FRANKFURT: Deutsche Bank on Tuesday posted a 39% rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond and currency trading during volatile markets.

Revenue in Deutsche's fixed-income and currency trading, one of the bank's largest businesses, rose 17%, better than expectations for a 10.3% gain.

Sewing, who was awarded another term as the bank's CEO in March, is in the process of tweaking the bank's strategy and formulating targets for next year and beyond.