Deutsche Bank first-quarter profit jumps 10% as investment bank outperforms

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Calling Chard: asparagus and leek risotto with chicken | SaltWireFRANKFURT -Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its investment banking division.

"These results represent another step forward," Chief Executive Officer Christian Sewing said in a note to staff. And regulators have warned that 2024 will be less rosy for German bank profits as a property crisis weighs and loans go bad.

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