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.”


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One Response to Deutsche Bank to Pay Damages Over Swaps

  1. Walli says:

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

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