Failing Deutsche Bank Lost $1.6 Billion, Conspired to Hide Bond Bet Gone Wrong

February 25, 2019

Germany’s largest lender Deutsche Bank is in the news again for the wrong reasons. According to the Wall Street Journal, Deutsche Bank lost approximately $1.6 billion over a decade in a bond bet gone awry.

Interestingly, Deutsche Bank has never publicly revealed the loss. This is likely to generate controversy over the bank’s corporate governance structures. As recently as last year the possibility of restating past financial results to reflect the loss was discussed. However, this proposal was shot down.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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