Deutsche Bank sees need for humans over machines

Terminator

The flesh is the best.

Machines are having a hard time infiltrating junk-bond trading like they have the Treasury market. That means banks have to keep teams of human traders to remain relevant in this lucrative market.

Bloomberg News reports that Deutsche Bank has spent a year rebuilding its U.S. team after several departures, and its latest addition, Mark Doria, is set to arrive in January from Citigroup

His move will bring the number of high-yield bond traders in New York to six after adding at least three others this year, according to Amanda Williams, a spokeswoman.

Banks are struggling to balance the need to shrink their balance sheets due to new regulations while also trying to maintain their position in capital-intensive businesses. Those areas - like speculative-grade debt - can be especially lucrative in times of turmoil.

To access the complete Bloomberg News article hit the link below:

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