Deutsche Bank's Return to Growth Delayed as Trading Trails
- Debt trading, equity trading miss estimates in first quarter
- CEO Cryan has vowed ‘controlled growth’ after raising capital
Deutsche Bank CFO: Not Firing on All Cylinders Yet
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Deutsche Bank AG’s muted gains in a particularly strong period for Wall Street trading is raising doubts about how quickly Chief Executive Officer John Cryan can recover ground lost to competitors.
Europe’s largest investment bank on Thursday reported an 11 percent increase in revenue from trading bonds and currencies in the first quarter. That’s less than half the 24 percent jump in the combined fixed income revenue at the five biggest U.S. investment banks. Income from dealing in stocks, which the firm has sought to expand because of its lower capital requirements, declined 10 percent while it was broadly flat at the U.S. lenders.