Subprime Auto Canary: Deutsche Bank Probes Employees For “Exaggerating ABS Demand”
by Tyler Durden
ZeroHedge.com
01/14/2016
“Deutsche Bank AG officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors,” Bloomberg reports. “The bank has looked at communications between the employees and investors to determine whether such marketing practices were normal salesmanship or if they crossed a line, said the person, who asked not to be named because the matter is private.”
The Rest…HERE
