Deutsche Bank AG(US:DB) 智通财经网·2025-10-30 06:57Group 1 - Deutsche Bank's U.S. distressed asset trading division achieved approximately $200 million in profit for the three months ending September 30, marking a historic high for the bank in Q3 [1] - The division has generated around $300 million in profit year-to-date, representing its best performance in over a decade, driven primarily by trading in EchoStar's stock and convertible bonds following multiple spectrum rights sales [1] - The bank's fixed income trading division saw a 19% year-on-year revenue increase to €2.48 billion ($2.88 billion) in Q3, indicating a significant recovery in credit trading, including distressed asset products [1] Group 2 - The U.S. team, consisting of about 20 members, has been led by CJ Lanktree since 2023, who previously co-led the division from 2003 to 2012 before working at Solus Alternative Asset Management [2] - The division focuses on holding controlling positions in distressed credits to facilitate restructuring processes and influence outcomes [3] - Deutsche Bank played a leading role in MSG Networks' refinancing transaction, helping the company avoid potential bankruptcy and reduce approximately $600 million in debt [3]