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An old story in modern times. Duncan Mavin's pretty darn good book on Greensill

Bronte Capital

One of the stories of the financial crisis is that the bankers that ran big institutions, who had billions entrusted to them, and who projected the air of masters of the universe were in fact buffoons incompetent at anything other than organising their own bonus. But it actually happened in 2016 to 2020. Yeah bad loans were made.

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Deutsche Bank quarterly profits fall despite 11% increase in net revenues

The TRADE

The results represent the highest revenue for a second quarter since 2016, said the bank, with revenue for the first half of the year up 8% overall – at €15.1 Despite a 6% revenue decrease in the second quarter, the bank has stated that it remains in a good position to grow as financial markets improve.

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Trading at the frontier

The TRADE

And sitting on its global trading desks are a pod of traders known for their ability to interact with some of the most inaccessible financial markets around the world. At the helm of the team is global head of trading Cathy Gibson who oversees trading across the asset manager’s offices in London, the US, Asia Pacific and South Africa.

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