Deutsche Bank Revives Credit Swaps Trading After Five Years
- German lender started trading single-name CDS last month
- Bank targets investment-grade, cleared contracts in Europe
The twin tower Deutsche Bank AG headquarters in Frankfurt, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Deutsche Bank AG is reviving a business it shut down in 2014, even as it pushes on with a company-wide strategic overhaul that’s seen it shed staff and sell off assets.
The German lender has resumed trading credit-default swaps -- derivatives used by traders to insure debt against the risk of default -- for investment-grade European companies, according to a spokeswoman. The bank also plans to extend the activity to cover high yield as well as banks and insurers, she said.