Deutsche Bank lost $ 1.6 billion on a bond bet

Deutsche Bank AG recorded a loss of $ 1.6 billion in almost 10 years thanks to a complex investment in municipal bonds bought during the 2008 financial crisis and was unable to cope with the crisis while markets were upset and regulations tightened.

This loss, which has not been reported before, represents one of the biggest profits ever made by Deutsche Bank – about four times more than its profits for 2018 – and is one of the most depressed bets of the banking sector in the world. during the last decade.

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