Deutsche Bank Probing “Misstated” Derivative Valuations After Finding “Divergences”
by Tyler Durden
ZeroHedge.com
Oct 26, 2016
Deutsche Bank is probing whether it misstated the value of derivatives in its interest-rate trading business, and is sharing its findings with U.S. authorities. The reason for the probe is that, as has been a recurring case with many of its peers of the last few years, the bank found valuations that “diverged from internal models” at which point it began questioning traders.
The Rest…HERE