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Deutsche to return to single-name CDS - Bloomberg

Published 02/05/2018, 02:33 PM
© Reuters.  Deutsche to return to single-name CDS - Bloomberg
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  • Deustche Bank (NYSE:DB) in 2014 mostly exited trading in single-name credit default swaps, as new regulations and capital rules made the practice less profitable.
  • That decision along with a host of other moves to scale back in the investment bank have cut too far, and now CEO John Cryan is under pressure to show growth. According to Bloomberg, the bank has told clients it's planning to begin making markets in certain single-name CDS.
  • The CDS business is "a big hole" for Deutsche, says a hedge funder. "Historically, it has been a big profit generator and there’s no reason why it can’t be so in the future as well.”
  • Now read: The Futility Of Forecasts And My Forecast For 2018


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