REPORT: Deutsche Bank lost 12 times more than it thought was possible in one day of trading
|06/21/2018||Posted by BusinessMediaguide.Com under General World News||
- Deutsche Bank lost 12 times more than risk modeling predicted it could in one day of trading earlier this year.
- The losses which have been described as “very unusual” are still unexplained by commentators.
- The news raises questions of risk modelling and internal controls within Deutsche Bank, which has already had a troubled year.
Traders at Deutsche Bank’s US unit suffered losses 12 times larger than its risk projections estimate could occur in one day.
News of the trading day, which happened earlier this year, was detailed on a May filing from the bank, Bloomberg reported.
“There’s questions about what this was…. But all read more >>>