His former employer has never recovered from the excesses of the era, when a group of derivatives experts built a trading business that eventually proved to have serious long-term risk-management flaws.
The day after its recent stress-test failure in late June, Deutsche’s stock price was below €10 – or less than a quarter of the price when Misra left in 2008.
The reasons provided by the Federal Reserve for singling out Deutsche as the only firm to fail the stress test this year are worth citing in full.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
