Does anyone have knowledge they can share on the DB (C. Bittar trader) fx trades made in 2008? I haven't found much on the topic on here, and think it's a worthy subject to delve into given the level of risk and consequence it had on DB.
What was the strategy and logic behind the trades and could it be repeated in the future? Forgive my ignorance.
| +32 | Help: GS SF S&T vs JPM NY S&T | 22 | 1d | |
| +15 | Full Time Timeline | 1 | 4d | |
| +13 | Iron Ore Trading? | 12 | 2d | |
| +12 | Tips for a beginning commodities trader? | 1 | 5d | |
| +12 | Job roles with more client experience | 1 | 6d | |
| +9 | Question on SA 2025 SnT timings | 1 | 1d | |
| +9 | Best programming languages to learn for energy trading | 1 | 6d | |
| +9 | I had my superday friday afternoon, when do you think I will hear back? | 1 | 6d | |
| +7 | Questions as a college freshman | 2 | 5d | |
| +3 | Understanding the Yield Curve | 2 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
They weren't FX trades, most likely...
Rumoured to have made nearly €2bn in audited profits for Deutsche Bank over a five year period, partly by betting that the cost of borrowing in euros for three and six months would rise more quickly than one-month rates, something that paid-off amply when Lehman Brothers collapsed.
Got it - what instrument do banks use to bet on borrowing costs?? (currently reflecting back to when I sold my finance textbooks for pennies on the dollar)
There's also the "rigging"; I'm assuming they were fined because their massive position simply moved the markets in their favor, not because they actually did anything wrong.
Sint sint veniam fugiat iure aliquid earum aspernatur est. Ut voluptatem magnam velit velit itaque. Culpa tempore repellendus et tempora asperiores sit aut eius.
Cupiditate et animi quam in sunt. Optio magni qui vel et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...