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.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
Banker pleads guilty to fraud scheme
Longtime employee sues Ozarks Tech, alleges retaliation
Cavender’s opens hat shop in southeast Springfield
Caterpillar to acquire John Fabick Tractor Co.
Eric Schmitt introduces Modern Skies Act
Springfield airport to cut the ribbon on $35M in construction projects