Deutsche Bank’s Distressed Desk Doubles Profit Gain With Software Short Bets

Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people...

By Dorothy Ma, Irene Garcia Perez · Bloomberg Markets

Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter.