By Eyk Henning
FRANKFURT-- Deutsche Bank AG has ended trading in
investment-grade and high-yield credit default swaps in U.S. and
European companies, a spokeswoman for the bank said Monday.
The lender will still trade credit protection on indexes as well
as on distressed and emerging markets debt, the spokeswoman
said.
The move underscores the challenges the industry faces in the
wake of tougher regulations for credit protection.
Germany's largest bank is still investing in other areas of its
U.S. and European trading operations. Last week, it added Allen
Blankenship from Citigroup Inc. and Michaela Galluzzo from Royal
Bank of Scotland PLC to cover industrials and consumer clients
respectively.
Write to Eyk Henning at eyk.henning@wsj.com
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