Group 1 - Deutsche Bank AG's US distressed-products desk achieved over $100 million in profit this year by investing in securities related to EchoStar Corp.'s near bankruptcy and subsequent recovery [1][2] - The desk's profits were significantly boosted by EchoStar's announcement of wireless spectrum sales, expected to generate approximately $40 billion [2] - EchoStar has become one of the major profit contributors for Deutsche Bank's distressed-products desk in 2025 [2] Group 2 - Distressed debt trading is a crucial revenue source for Deutsche Bank, which has been recovering from previous losses and scandals [3] - The US desk has been involved in significant transactions, including financing for Marelli Holdings and debt restructuring for AMC Entertainment [4] - EchoStar's recent wireless spectrum sales to AT&T and SpaceX have concluded a lengthy distressed debt situation, allowing the company to address its $25 billion debt [5][6]