Deutsche Bank (DB) reportedly generated a profit of at least €500M in 2008 from trades pegged to...

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Deutsche Bank (DB) reportedly generated a profit of at least €500M in 2008 from trades pegged to inter-bank interest rates, although there's no indication that those trades affected the market or were illegal. The bets show the rewards and risks involved: the bank calculated that of September 30, 2008, it could earn or lose up to €68M for each 0.01 percentage point change in the spread between different rates related to Libor and Euribor.