‘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.


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

Next Post

Swiss President Announces Plans To Break Gaza Siege

Sun Mar 27 , 2011
Swiss President Micheline Calmy-Rey has announced her country is developing a project to open up all crossings to the Gaza Strip, which has been suffocating for the last five years from an Israeli blockade. Read the rest here

You May Like