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Deutsche Bank Trading Revenue Rises as Writedowns Cause Loss

The headquarters of Deutsche Bank AG in Frankfurt.

Deutsche Bank AG said trading income rose 7 percent in the third quarter as co-Chief Executive Officer John Cryan’s clean-up of the bank’s books leads to the largest three-month loss in at least a decade.

Revenue from trading debt and currencies, the investment bank unit’s biggest component, rose to 20 percent to 1.73 billion euros ($1.9 billion) in the period through September, the company said in a statement on Thursday. That beat the 1.57 billion-euro average of eight analyst estimates compiled by Bloomberg.

Germany’s biggest bank posted a loss of 6 billion euros as stricter capital requirements reduce the value of its investment bank and the firm reserved funds for legal costs. Cryan, who became co-CEO in July, is clearing the way for his plan to shore up capital and increase profitability which he will present to investors in London on Thursday.

No Dividend

In the past month, Cryan has reshuffled management and said he’s reorganizing the money-management business as he prepares...