Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,907
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: mispricing

Brevity: Headers | « Text »
  • Deutsche Bank MBS traders mispricing leads to $30 million loss.

    11/27/2002 11:46:56 AM PST · by greencow · 22 replies · 3,706+ views
    Bloomberg | 11/26/02 | Stephen Cohen
    Deutsche Puts Two Mortgage-backed Trades on Leave New York, Nov. 26 (Bloomberg)-- Deutsche Bank AG placed two traders on administrative leave as it investigates mispricing of some of the firm's secondary trading positions of commercial mortgage-backed securities. Deutsche Bank placed Jake Markman and Paul Mashikian on administrative leave while the firm conducts the investigation, according to spokesmen Ted Meyer. The mispricing may result in more than $30 millions in losses, according to the report in Bond Week, which cited an individual with knowledge of the situation. The publication earlier reported that the two traders were placed on leave. Meyer said...