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Deutsche Bank Trading Business Starts April On Firmer Footing After Record First-Quarter Profit

Frankfurt, 29 April 2026 – Deutsche Bank’s trading business has started the second quarter on a constructive note, giving Germany’s largest lender additional momentum after it reported stronger-than-expected first-quarter earnings amid volatile global markets.

Chief Financial Officer James von Moltke said the bank’s fixed-income and currencies trading business began April “constructively”, following market jitters earlier in the month. The comment suggests that client activity remains resilient despite geopolitical uncertainty, shifting interest-rate expectations and uneven economic conditions across major markets.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.

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