YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
German lender Deutsche Bank reportedly lost $1.6 billion on a single bond trade.
The loss came from a $7.8 billion purchase of municipal bonds in 2007. The company purchased default protection on the bonds from Berkshire the following year for $140 million.
The company ultimately realized the $1.6 billion loss in 2016.
Read more from CNBC.
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