Deutsche Bank on April 27 reported 7.3 billion euros of revenue for the first quarter of 2022, up 1% compared with the same period in 2021. Pre-tax profit of 1.7 billion euros was up 4% year-on-year.
The biggest boost came from the corporate bank, where revenue rose 11%. Investment banking revenue was up 7% year-on-year, including a 15% boost for fixed-income and currency trading. American banks on average reported roughly flat revenue for that business. Credit Suisse on the same day reported a 428 million Swiss franc pre-tax loss for the first quarter. Revenue was down 42% year-on-year, with the investment banking division down 53%.Subjects
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