Why FX derivative mis-selling disputes rarely go public

Recent reports concerning a payment made by Deutsche Bank to Europe’s largest winery are a reminder that disputes over FX derivatives mis-selling have yet to run their course.

The Financial Times and Bloomberg reported at the end of June that Deutsche Bank had made a payment of more than €10 million to J García Carrión for losses sustained over a period of six years. Euromoney understands that the Spanish firm has also made claims of mis-selling against two other banks. J García Carrión did not respond to requests to comment and Deutsche Bank declined to comment.

One of the reasons why this case is notable is not the sum involved, but rather that it found its way into the public domain.

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