Deutsche Bank’s Record Profits Clouded by Raid

Deutsche Bank has had a record year for profits, with higher trading income and a new share buyback — although a raid on their Frankfurt offices yesterday still casts a cloud over the company.

Revenue from fixed-income and currencies trading rose 6% from a year ago, the bank said in a statement today. Germany’s largest bank also announced a €1 billion buyback, which along with a €1 dividend per share would bring distributions to 50% of last year’s profit.