‘A Costly Defeat For Deutsche Bank’

Germany’s highest civil court has ruled that Deutsche Bank

should have warned its customers of the risks of an exotic investment product it sold

in the run-up to the financial crisis.

https://farm4.static.flickr.com/3065/2709925938_1f97e608c3.jpg?v=0

Deutsche Bank headquarters in Frankfurt

The landmark ruling has huge implications for the banking industry

and could unleash a wave of similar cases, with compensation possibly running into the hundreds of millions.

Read the rest here

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