Skip to content
Subscriber Only

Deutsche Bank Securities Unit Reports Loss on Revenue Slump

  • Fixed income and currencies trading saw 16% revenue decline
  • Transaction banking only unit at group to post profit gain
Video player cover image

Deutsche Bank’s 1.15 Billion Euro Problem...

Updated on

Deutsche Bank AG’s securities unit posted a loss in the fourth quarter with each of the businesses reporting a slump in revenue as co-Chief Executive Officer John Cryan scales back trading activities to bolster returns.

The loss of 1.15 billion euros ($1.25 billion) in the period compares with a pretax profit of 323 million euros a year earlier, the company said on Thursday. Revenue at the corporate banking and securities unit slumped 30 percent to 2.1 billion euros, with a negative return on equity.