Deutsche Bank said to lose as much as $60 million over derivative trade

[dr.malone]

Imagine if the FFH deflation bet pays off?! Which broker(s) or counterparty is gonna be on the hook for that?

 

(Reuters) - Deutsche Bank (DBKGn.DE) is set to lose as much as $60 million over a trade linked to U.S. inflation, Bloomberg reported, citing people familiar with the matter.

 

The trade used derivative products tied to U.S. inflation and Germany's largest bank is examining whether its traders breached risk limits on the deal, Bloomberg also reported.

 

Deutsche Bank declined to comment when contacted by Reuters.

 

Deutsche Bank settled a lawsuit for $170 million earlier this month that claimed that the bank had conspired with other banks to manipulate the benchmark European Interbank Offered Rate and related derivatives.

[StubbleJumper]

What a strange news story.  Since when does losing $60m on derivatives become a story for a major financial institution?

 

"...and in other news, this month Bank of America paid out more than $1 billion of interest to depositors."