A Single Bet on Deutsche Bank's Credit Default Swaps Is Seen Behind Friday's Rout
Regulators are singling out a trade on Deutsche Bank AG’s credit default swaps that they suspect fueled a global sell off on Friday.
Source: bqprime.com
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Regulators are singling out a trade on Deutsche Bank AG’s credit default swaps that they suspect fueled a global sell off on Friday.
Deutsche Bank AG fell by the most in three years and the cost of insuring its debt against default rose, in a selloff that Citigroup Inc. analysts described as irrational.
The German lender has identified Africa as a growth opportunity and is in talks with about issuing bonds and debt restructuring