Banks register rise in debt revenues
Deutsche Bank’s structured products business helped to power its debt sales and trading revenues up 26% for the first quarter, to over €2.2 billion. The bank adds that its global credit business grew year-on-year on the back of stronger client flows, although no numbers were available. Synergies from the bank’s ongoing integration of debt and equity have also boosted its sales and trading numbers, says chairman Josef Ackermann in the bank’s quarterly earnings release.
Citigroup also saw growing
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