The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Deutsche Bank, headquartered in Frankfurt, changes hands at 75 per cent of tangible book value.
Deutsche Bank, headquartered in Frankfurt, changes hands at 75 per cent of tangible book value.
(Ralph Orlowski/REUTERS)

ABCP ends up front and centre in Deutsche Bank case

ABCP may be at the heart of another scandal.

It appears that the derivatives trades at the heart of Canada’s non-bank asset-backed commercial paper fiasco may be the same trades at the centre of the current accusations that Deutsche Bank AG traders may have mispriced assets to hide losses during the credit crisis.