DEUTSCHE BANK increased its bonus pool for 2020 by 29% to €1.86bn, reflecting a recovery in fortunes at its investment bank despite a tougher time for the wider economy hit by restrictions as a result of Covid-19. Deutsche's investment bank revenues last year rose 32% from the year before to €9.3bn, largely due to its dominant position in fixed income trading. That helped power the German bank back to a pre-tax profit of €1.02bn, its first profit since 2014. The investment bank was the only unit to grow significantly.
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