Deutsche Bank Hid Billions During the Financial Crisis

FinansWatch
December 6, 2012

Jordan A. Thomas comments on Deutsche Bank being accused of hiding up to $12billion in losses

"During the financial crisis where many financial institutions faced a threat to their existence, the evidence suggests that Deutsche Bank was out of line by inflating the value of its credit derivative portfolio, the highest risk area in the bank," said Jordan Thomas, an attorney for one of the three employees who are going forward with accusations, according to the Financial Times.