Deutsche Bank gained market share in trading interest-rate and credit products last year, a sign the lender’s strategy of investing in its debt business may be showing results.
Bloomberg News reports that Deutsche Bank ranked second in trading rates and credit products related to the Group of 10 countries, data from analytics firm Coalition Development Ltd. show.
The bank rose from the third and fourth-to-sixth slots, respectively, a year earlier, according to the figures.
'The challenge for Deutsche Bank is that it has so much exposure to the low-ROE rates business, accounting for 40% of corporate banking and securities capital allocation, while contributing only 18% of profits', Barclays analysts led by Jeremy Sigee said in a note Thursday.
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Deutsche Bank Won Market Share in Rates, Credit Trading
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