Deutsche Bank takes possible $60M derivative loss - Bloomberg

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

According to Bloomberg, the bank took the loss on a U.S. inflation trade gone wrong. The loss could go as high as $60M.

Deutsche (NYSE:DB) is taking a lock at whether risk limits were breached, and the affair has been escalated to the board.

The stock is none the worse for wear, up 3.8% today amid a sizable rally for interest rates and the banking sector, particularly in Europe.

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