Deutsche Bank's return to growth delayed as trading revenue trails

Frankfurt

DEUTSCHE Bank AG's John Cryan is keeping investors waiting for the return to growth he promised, as trading revenue at Europe's largest investment bank trailed peers in the first quarter.

Revenue from trading bonds and currencies, its largest source of income, rose 11 per cent in the first quarter from a year earlier, less than half the 24 per cent increase in the combined fixed income revenue reported by the five biggest US investment banks.