Deutsche Bank AG’s blowout trading results gave Chief Executive Officer Christian Sewing some breathing room, but he now faces the prospect of declining revenue half way through his historic restructuring plan.
The investment bank -- focused on fixed-income trading -- will see a slowdown as the volatile conditions that drove last year’s boom begin to fade, the lender said in its annual report on Friday. Prolonged negative rates will offset higher volumes and fees in the corporate and private bank, the lender said. Overall, revenue will drop “marginally.”
