From Hereisthecity: Repercussions from Deutsche Bank's massive pre-crisis position in credit derivatives are still being felt. The Financial Times reports that Stefan Krause, the bank’s CFO, recently devoted part of an investor presentation to allegations from former employees that the bank hid $4bn-$12bn in paper losses on complex derivatives known as leveraged super senior trades.
Matthew Simpson, a senior trader, Eric Ben-Artzi, a risk
manager, and a third individual who requested anonymity have told the
Securities and Exchange Commission (SEC) that Deutsche failed to properly
account for paper losses on the trades...//
Wait...wait...there's more at http://hereisthecity.com/2013/01/02/top-firm-still-faces-whistleblower-threat/
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