Deutsche Bank Sees Brexit Risk Fading, Recommends More SWAPs

Deutsche Bank looks around the world to ascertain risk in the middle of a potential $150 billion European bank bailout featuring the German bank, and what does it recommend? More SWAPs trades, of course. A leading bank with concerning derivatives exposure recommends derivatives Never mind that an engrossing European bank bailout is related to a murder mystery — not just one murder, but several — is surrounded by a sea of non-cleared SWAPs trades. Never mind that Deutsche Bank’s Chief Economist David Folkerts-Landau was calling for a massive bank bailout on CNBC Monday morning. (The new, polite terms is “state-led recapitalization.”)…