-
How Deutsche Bank Made -€367 Million Disappear
On Dec. 1, 2008, most of the world’s banks were still panicking through the financial crisis. Lehman Brothers had collapsed. Merrill Lynch had been sold. Citigroup and others had required multibillion-dollar bailouts to survive. But not every institution appeared to be in free fall. That afternoon, at the London outpost of Deutsche Bank, the stolid-seeming, €2 trillion German powerhouse, a group of financiers met to consider a proposal from a team led by a trim, 40-year-old banker named Michele Faissola. The scion of an Italian banking family, Faissola was the head of Deutsche’s global rates unit, a division ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jan 19, 2017 4:49am Jan 19, 2017 4:49am
- Hurst
- | Commercial Member | Joined Aug 2014 | 1123 Comments
- Comment #2
- Quote
- Jan 19, 2017 5:27am Jan 19, 2017 5:27am
- cyguy
- | Joined Dec 2014 | Status: Crazy prospector | 54 Comments
- Comment #3
- Quote
- Jan 19, 2017 5:39am Jan 19, 2017 5:39am
- Guest
- | IP XXX.XXX.188.17
- Comment #4
- Quote
- Jan 19, 2017 6:40am Jan 19, 2017 6:40am
- golfking
- | Joined Aug 2006 | Status: Member | 391 Comments
- Comment #5
- Quote
- Jan 20, 2017 1:54am Jan 20, 2017 1:54am
- rex123
- | Joined Mar 2011 | Status: Member | 16 Comments