Bloomberg Deutsche Bank AG raised its outlook after traders outperformed most Wall Street peers and it dodged losses from the collapse of Archegos Capital Management, handing Chief Executive Officer Christian Sewing the strongest quarter in seven years. Income from buying and selling debt securities rises 34% in the first three months of the year, Germany’s largest bank said in a ...

Bloomberg Booming stock markets and retail-investor fueled volatility have delivered the best quarter in years for many European banks’ equity trading desks, mirroring gains at their US counterparts. Barclays Plc said the first quarter was the “best ever” for its equities unit, which reported a 65% year-on-year jump in revenue to more than $900 million, while BNP Paribas SA posted ...

Bloomberg In his last words as Credit Suisse Group AG Chairman, Urs Rohner apologised. Eight weeks after the Swiss bank entered one of the most turbulent periods in its history, its outgoing chairman offered a mea culpa for the financial hits from the collapse of Archegos Capital Management and Greensill Capital. “The inexcusable losses that we have had to inform ...