Relevant:
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- re: The Auditors » Blog Archive » Deutsche Bank Fair Value Fakeout Didn't Prevent Backdoor Fed Bailout
- Deutsche Bank Made Huge Profit On Libor During Financial Crisis: Report
- Oldest Bank In The World Plunges, Halted As Chairman Resigns In Aftermath Of Latest Derivatives Fiasco
- This U.S. Bank Is About to Relive the 2008 Derivatives Nightmare
2012-12-06 — huffingtonpost.com
During the financial crisis, German banking behemoth Deutsche Bank seemed like one of the few banks in the U.S. and Europe strong enough to weather the crisis without a bailout. A new report suggests that strength may have been a mirage.
The Financial Times reports that three former bank employees told U.S. regulators that the bank hid $12 billion in losses on credit derivatives during the crisis.
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