Deutsche Bank is gingerly hiring new staff at its investment bank, which has become its biggest revenue generator https://www.reuters.com/business/deutsche-bank-posts-better-than-expected-q3-net-profit-2021-10-27, as it pursues new revenue opportunities. In the first year-on-year increase in front-office staff at the investment bank since Germany's largest lender embarked on a restructuring in 2019, Deutsche said on Wednesday the number had risen in the third quarter by 4% to 4,325 people. While relatively small for a bank with more than 84,000 staff, the return to hiring is significant for Deutsche after years of losses, retrenchment and layoffs.
Deutsche Bank AG Chief Financial Officer James von Moltke discusses. He speaks with Bloomberg's Maria Tadeo.
It benefited from a boom in mergers and acquisitions activity over the period, as well as a steep decline in provisions for bad loans related to the coronavirus pandemic.