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
Mon, Mar 14, 2016 - 5:50 AM
Deutsche Bank, which saw a management upheaval in 2015, is seeking to boost capital and profitability to reverse a slump that has made it the worst-valued major global lender. The company's comments on 2016 are more downbeat than those of smaller German competitor Commerzbank AG.
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.