Investment Banking

Deutsche Bank’s dealmaking fees slip 29%, as fixed income traders shine

The German lender has posted a steep decline in dealmaking fees after Wall Street rivals’ revenue held up

Christian Sewing, chief executive of Deutsche Bank, said the bank delivered strong results despite a more challenging environment
Christian Sewing, chief executive of Deutsche Bank, said the bank delivered strong results despite a more challenging environment Photo: Krisztian Bocsi/Getty Images

Deutsche Bank’s dealmaking fees tumbled by nearly 30% in the second quarter, even as its fixed income traders posted a surge in revenue.

The German lender has focused on hiring senior dealmakers over the past year, but its investment banking fees slipped by 29% in the second quarter to €416m as its debt capital markets revenue fell 43%. This was below what analysts had predicted.

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