Shamed DB Derivatives Trader Shown the Door

To the surprise of, uh, no one, Deutsche Bank officially gave the boot to the CDO trader who engaged in a little flexible accounting of his trading book. No word yet on whether the FSA is going to add to the trader Anshul Rustagi’s troubles by launching formal investigation. DB is philosophical about the whole thing, noting that the occasional $50 million loss such as this was the price one paid for “excelling in fast-moving areas.” They’ve probably got a point there.
Deutsche Derivatives Trader Dismissed [Forbes]
Deutsche Sucks Up Overstatement [Under The Counter]

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