New York on February 6 2009
The legacy of the financial genius of the Deutsche Bank:
hole from 1.8 billion to Wall Street traders hard times even the top of the roof when they hear about the super salaries 'wizards of finance', the number a Deutsche Bank Akermann turn up their noses: the best brains, he says, they will leave. But maybe a look at the story of Mr. Weinstein would not go amiss, especially in light of the 'red' DB in the fourth quarter 2008: € 4.8 billion, compared with a profit of $ 1 billion in the same period last year.
Mr.Boaz The parable of "The Fall of Boaz Weinstein, once one of the best traders on Wall Street, says much of what the major international banks are still invested by the effects of market turmoil, "writes the Wall Street Journal. To which did not escape the rise and sudden fall of Weinstein, the super trader at Deutsche Bank who loved 'bet' on the most innovative tools of finance, bringing home the DB huge profits and big salaries in its portfolio and awards up to $ 40 million a year. Then, in 2008, the collapse of Wall Street, the explosion of swelling of the 'toxic assets', the fleeing from stocks that a few months before miraculously multiplied profits.
result, the division in which he works Weinstein, left last year to Deutsche a 'hole' of 1.8 billion dollars. In a few months have been deleted the stock market gains of two years 'at large'.
Yesterday, Deutsche Bank issued a loss of 3.9 billion euro in 2008, the first in 50 years, and the number one Josef Ackermann described the last few months as "a series of earthquakes with constant change of focus." Someone very close to the DB.
Weinstein, 35, in addition to being the 'genius of Saba', who headed the finance division, is known on Wall Street for his passion for the game: poker and blackjack, where it is a true ace. After all, at work, Weinstein, strong point: the trend of securities reckless speculation also led him to the top. Now, I lost hundreds of millions of dollars, to trace the China - says the Wall Street Journal, thinks of its own fund. And someone is betting that it will be called Saba.
Mr.Boaz The parable of "The Fall of Boaz Weinstein, once one of the best traders on Wall Street, says much of what the major international banks are still invested by the effects of market turmoil, "writes the Wall Street Journal. To which did not escape the rise and sudden fall of Weinstein, the super trader at Deutsche Bank who loved 'bet' on the most innovative tools of finance, bringing home the DB huge profits and big salaries in its portfolio and awards up to $ 40 million a year. Then, in 2008, the collapse of Wall Street, the explosion of swelling of the 'toxic assets', the fleeing from stocks that a few months before miraculously multiplied profits.
result, the division in which he works Weinstein, left last year to Deutsche a 'hole' of 1.8 billion dollars. In a few months have been deleted the stock market gains of two years 'at large'.
Yesterday, Deutsche Bank issued a loss of 3.9 billion euro in 2008, the first in 50 years, and the number one Josef Ackermann described the last few months as "a series of earthquakes with constant change of focus." Someone very close to the DB.
Weinstein, 35, in addition to being the 'genius of Saba', who headed the finance division, is known on Wall Street for his passion for the game: poker and blackjack, where it is a true ace. After all, at work, Weinstein, strong point: the trend of securities reckless speculation also led him to the top. Now, I lost hundreds of millions of dollars, to trace the China - says the Wall Street Journal, thinks of its own fund. And someone is betting that it will be called Saba.
