Some Deutsche Bank (DB) Clients Said to Reduce Collateral on Trades
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - September 29, 2016 12:31 PM EDT)
Some Deutsche Bank (NYSE: DB) clients said to reduce collateral on trades, according to Bloomberg.
UPDATE - According to the report, a number of funds have withdrawn some excess cash and positions being held at DB, a potential negative sign for the European institution.
The majority of DB's some 200 derivatives-clearing clients haven't made changes to their accounts, sources noted. About 10 hedge funds were said to cut their exposure, including Millennium Partners, Capula Investment Management and Rokos Capital Management.
One spokesperson for the bank commented,
Our trading clients are amongst the world’s most sophisticated investors ... We are confident that the vast majority of them have a full understanding of our stable financial position, the current macroeconomic environment, the litigation process in the U.S. and the progress we are making with our strategy
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank (DB) Agrees to Pay $7.2B for Misleading Investors in Sale of RMBS
- Visteon (VC) PT Raised to $100 at FBR Capital Following Upbeat Presentations
- The TJX Companies (TJX) PT Raised to $87 at Deutsche Bank
Create E-mail Alert Related CategoriesRumors, Trader Talk
Related EntitiesDeutsche Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!