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Rate trading soon proved to be troublesome for Mr. Takata.
Mr. O'Neal said interest rate trading and foreign currency trading, both parts of fixed income, posted record results.
"In other areas, we take risk on a regular basis — equities, parts of leveraged finance, interest rate trading," he said.
The bank's co-chief executive, Anshu Jain, believes Deutsche can gain market share as rivals retrench — witness Credit Suisse's recent decision to slash interest rate trading.
He worked on a short-term interest rate trading desk at the London branch of Merrill Lynch International Bank -- now part of the Bank of America Corporation.
If they settle in Panama, the dollar's value will not make a difference because its currency, the balboa, has a fixed exchange rate, trading at par with the American dollar.
Similar(50)
Generally the funds rate trades at a higher level than the discount rate.
Mr. Goldman had been previously put on leave after losing about $15 million on an interest rate trade.
Despite concerns about a possible lower youth rate, trade union leaders were cock-a-hoop yesterday at the public rebuff for Mr Mandelson over his minimum wage intervention.
Scene of Crime Officers (SoCOs) therefore will face a 'time/success rate trade-off' issue when making a decision to apply this technology.
Similarly, real effective exchange rate, trade openness and de jure capital openness reflect the same magnitude on the current account likewise developed economies.
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