Deutsche says 2015 got off to better start for trading businesses

Deutsche Bank CEO Anshu Jain says January has been a better month for the bank's trading businesses.

Bloomberg News reports that Deutsche Bank trading businesses got off to a better start in January as market swings picked up, Co-Chief Executive Officer Anshu Jain said.

'Improved volatility and client activities in areas like foreign exchange, rates, and equities are driving stronger results in all our core trading businesses compared to last year,' Jain said on a call with analysts, adding he expects increased volatility to persist through the year.

The foreign-exchange business is profitable so far in the first quarter, Jain said, even after Deutsche Bank experienced 'challenges' following the Swiss central bank’s surprise decision to abandon its cap on the franc against the euro. The firm lost $150 million on Jan. 15 amid a surge in the Swiss currency, a person familiar with the matter said at the time.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank Has ‘Stronger’ Start to Year in Trading

UBS Distressed-Debt Trader Einhorn Said Leaving to Start Fund

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News