In the Margins

Money funds own small positions in Deutsche Bank debt

September 30, 2016

By Reuters

U.S. money market funds own small holdings of debt issued by Deutsche Bank AG, diminishing the likelihood of a repeat of money funds' massive sale of Lehman Brothers' securities to meet heavy redemption requests eight years ago. The U.S. Justice Department imposed a $14 billion fine for DB's misselling of mortgage-backed securities. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Compensation
IDC director study: 2019 pay relatively unchanged

New data from Independent Directors Council suggests that most independent mutual fund directors did not see much of a bump in compensation in 2019, with year-on-year ...