Deutsche Bank Sees Investment Banking Revenue Sliding

Deutsche Bank AG (DBK), Germany’s biggest lender, said investment banking revenue may decline at a faster pace in the second quarter than it did in the first three months.

The investment-banking unit saw a “challenging market environment with low customer volumes and low volatilities in many key areas” during April and May, Frankfurt-based Deutsche Bank said in a statement on its website today.

The division’s first-quarter revenue slid 10 percent from a year earlier to 4.08 billion euros ($5.5 billion), the company said on April 29.

Revenue from fixed income has “largely declined” on an annual basis, the bank said. Equities revenue, which increased in the first quarter, is “now trending downward,” it said.

The company may face “material” costs resulting from regulatory probes of the foreign-exchange market, it said without specifying a timeframe.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net Mark Bentley

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