Greenspan hire evinces a feeling of irony

When Deutsche Bank announced in August that it had retained former Federal Reserve chairman Alan Greenspan to provide insights and advice to the bank and its clients, competitors were quick to point out the irony.

Here is the bank rumoured to have made hundreds of millions from a huge short on the mortgage market hooking up with the former central banker accused of inflating the asset bubble in the first place.

Peter Hooper, Deutsche’s chief US economist and a former colleague of Greenspan at the Fed, clinched the deal. He’s delighted with it, even though his former boss is no longer held in such high and unqualified regard across the entire market.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access