Deutsche Bank’s M&A business in Q4 extremely strong, executive says

The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/File Photo

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FRANKFURT, Dec 15 (Reuters) – Deutsche Bank’s (DBKGn.DE) merger and acquisition advisory business in the United States has been “extremely strong” in the fourth quarter, a bank executive said on Wednesday, adding that he was optimistic for 2022.

Once Deutsche’s problem child, the investment bank is the lender’s biggest revenue generator, benefiting from a pandemic-induced trading boom and a wave of dealmaking that has lifted banks across Wall Street.

“At this point, we’re continuing to see the same strength and volumes flowing into next year,” Drew Goldman, Head of Investment Bank Coverage & Advisory, told journalists.

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Risks to the outlook include potential aggression from Russia and the U.S. Federal Reserve’s reaction to inflation, he…

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