Deutsche to stop trading CDS for individual companies

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

The market for trading swaps protecting against the default of individual companies was once a vast and highly profitable one for banks, but is far less so today, weighed down by new regulatory scrutiny both here and in Europe.

“Deutsche Bank (NYSE:DB) is redeploying resources and capital into credit cash trading,” says a spokeswoman.

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