Trouble at Deutsche Bank
This should not be news to anyone following the Deutsche Bank saga but 7 billion is a rather large loss. Lets see if this roils the markets.
This should not be news to anyone following the Deutsche Bank saga but 7 billion is a rather large loss. Lets see if this roils the markets.
Interesting… As Micheal Lewis Chronicals in his books DB is about the dumbest bank out there. They got totally taken in by the sub prime fiasco and ate all of those toxic derivitives. Wall street back then knew how gullable they were and used them as a dumping ground. So now they pull in their horns and deal closer to home, but stupid is what stupid does.