FX Week

Deutsche Bank FX Trading Revenues Up By 25%, But Still Lags Behind Citibank

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FRANKFURT -- Increased merger and acquisition activity and continued growth in euro FX business has boosted Deutsche Bank’s year-to-date FX revenues by 25 per cent, says New York head of FX Dan Almeida.

However, depreciation in the value of the euro means Deutsche’s FX revenues in dollar terms are still some way behind global leader Citibank.

Almeida says Deutsche has profited from the introduction of the euro and increased cross-border merger & acquisition (M&A) activity, meaning more clients

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