Deutsche Bank

reported its highest Q3 pre-tax earnings since before the financial crisis, lifted by rising interest rates. Germany’s largest lender more than doubled its profit before taxes to €1.6 billion, the highest since 2006 and above expectations of €1.3 billion. All four divisions of the bank posted higher revenue, with its investment bank unit gaining market share in fixed-income trading.

• However: An already delayed key IT integration project in Deutsche’s German retail bank —which was kicked off in 2017— suffered another setback as CFO James von Moltke said the migration of all client data of Postbank onto Deutsche’s own systems may only be finished by the end of September 2023.