Deutsche Bank CFO Says Trading Business Started Well in April

Deutsche Bank AG saw its fixed income and currencies trading business start “constructively” in the second quarter after some jitters in March, Chief Financial Officer Raja Akram said in an interview.

At the end of the first quarter, the lender’s rates trading division got “a little bit under pressure” as banks were caught off guard by the US war on Iran, Akram said on Bloomberg TV. “Credit and FX continue to outperform our expectations.”