Deutsche Bank's boss pleads: We're not as risky as investors think

Deutsche Bank's boss pleads: We're not as risky as investors think
 

Chief risk officer at Germany's biggest lender said the bank is scaling back its so-called derivatives book.
Stuart Lewis added the portfolios is not as risky as some investors appeared to believe.
Deutsche reportedly has $46TRILLION (£34trn) of underlying assets that its clients are taking a position in, which equates to more than 10 times Germany's entire GDP.
But this is different to derivatives, which are financial contracts based on the value of other assets, according to Mr Lewis.
He told German weekly paper Welt am Sonntag: "The risks in our derivatives book are massively... read more

 
9 October 2016 in Business, Views: 63
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