Deutsche latest to tip off slow Q1


"To us, the year started slow," says Deutsche Bank (DB -0.9%) CFO Stefan Krause. "Obviously through political uncertainty we started to have market uncertainty again and a slowdown in business."

Krause's warnings of a continued slowdown in investment banking business echo those of Citigroup and JPMorgan over the last couple of weeks.

Fixed income revenue has been slowing since May, with some banks (notably Goldman) insisting the fall is temporary, but others say boosted capital requirements has squeezed margins and left overcapacity, meaning more job cuts as banks shrink and restructure.

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Comments (2)
  • minecanary
    , contributor
    Comments (1368) | Send Message
     
    Crap. This is sounding like only a 20% increase to the bonus pool for next year.
    13 Mar 2014, 03:55 PM Reply Like
  • citizentod
    , contributor
    Comments (11) | Send Message
     
    They'll just up their fees to consumers to make up for any shortcomings.
    14 Mar 2014, 06:17 PM Reply Like
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