Deutsche Bank’s US Distressed Desk Records $200 Million Profit

Deutsche Bank AG’s US distressed trading desk netted about $200 million in profit during the three months ending Sep. 30, according to a person with knowledge of the matter, part...

By Eliza Ronalds-Hannon, Irene Garcia Perez · Bloomberg Markets

Deutsche Bank AG’s US distressed trading desk netted about $200 million in profit during the three months ending Sep. 30, according to a person with knowledge of the matter, part of a trading boom that helped drive record third-quarter gains for the German bank.