Deutsche Bank sees fall in industry revenue this year
Clients are likely to pull back from trading some fixed-income securities and refrain from doing deals; lender's co-CEOs say volatility in markets has impacted banking sector
Add BT as a preferred source
Frankfurt
DEUTSCHE Bank AG, which runs Europe's biggest investment bank, said it expects the industry's revenue to decline this year as clients consider pulling back from trading some fixed-income securities and refrain from doing deals.
Securities firms will see debt trading revenue fall "slightly" from a year earlier as "an increase in macro revenues due to monetary policy divergence will be more than offset by lower credit revenues", Deutsche Bank said in a statement from Frankfurt on Friday. Income from equity trading will probably be "moderately lower" in 2016, while corporate finance industry fee pools will fall due to a decline in deals to advise on, it said.
Share with us your feedback on BT's products and services
