Tag Archives: Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out

Zerohedge – Tyler Durden – Bombshell: Deutsche Bank Hid $12 Billion In Losses To Avoid A Government Bail-Out – 6 December 2012

ZeroHedgeForget the perfectly anticipated Greek (selective) default. This is the real deal. The FT just released a blockbuster that Europe’s most important and significant bank, Deutsche Bank, hid $12 billion in losses during the financial crisis, helping the bank avoid a government bail-out, according to three former bank employees who filed complaints to US regulators. US regulators, whose chief of enforcement currently was none other than the General Counsel of Deutsche Bank at the time! Continue reading