Deutsche Bank Debt Trading Hits Record on Market Volatility

Deutsche Bank AG’s trading unit hit a record in the first quarter as the lender benefited from market volatility.

The fixed income and currencies business recorded a 17% revenue jump to €2.9 billion ($3.3 billion) in the three months through March, Deutsche Bank said on Tuesday. The result exceeded the average 5% increase across Wall Street and was the highest for the German lender since at least 2013, according to data compiled by Bloomberg.