Deutsche Bank to Pay Damages Over Swaps

(Reuters) – Germany’s top appeals court has found Deutsche Bank liable for damages on high-risk interest rate swaps it sold, a landmark decision that could set off a wave of other claims.

The judge, summing up the client’s abilities: “Just because I can read a poem does not mean I have understood it.”

http://t.co/laFrkvM

 

This entry was posted in Financial Links. Bookmark the permalink.

One Response to Deutsche Bank to Pay Damages Over Swaps

  1. Walli says:

    Bless you for trying to explain the terminlogy for the noobs!

Leave a Reply to Walli Cancel reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>