11/28/2023 0 Comments Is deutsche bank going bust"The size just kept mounting and mounting," this person marvelled in a passage in the book, referring to the growing demand for some of Deutsche's raciest fare. In the view of one senior executive, it all came down to masterly salesmanship by a single man, Anshu Jain, the chief promoter of the bank's hottest product: risk. The remembrance would celebrate how Deutsche Bank, once a sleepy lender to German car companies, had transformed itself in just 10 years into a force in financial engineering, selling interest-rate swaps, credit derivatives and opaque tax-slashing investment vehicles to the world's wealthy elite. To mark the moment, the bank's profit engine ” its global markets division ” commissioned a book about itself. NYT In 2005, Deutsche Bank, then a powerhouse in the selling of risky derivatives on a global scale, was minting money.
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