: One credit-default swap trade may have sparked Deutsche Bank turmoil: report

A single credit-default swap trade, worth just €5 million, may have sparked Deutsche Bank’s share-price slump on Friday and is being probed. Bloomberg News reported, citing people familiar with the matter. The report said there’s no indication of any nefarious motive behind the trade, and that it could have been done for hedging purposes. A European Central Bank official, Andrea Enria, on Tuesday said regulators should take a closer look at CDS contracts. Deutsche Bank XE:DBK on Wednesday was trading at 9.09 euros, after falling as low as 7.95 euros on Friday. It had closed at 9.34 euros on Thursday.

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