Deutsche bribery trial hears Vestia's derivatives exposure was 'not normal'
By Martin Coyle ( May 14, 2019, 16:13 GMT | Insight) -- Stichting Vestia's former interim head today told a UK court it “wasn’t normal” for the Dutch housing association to have entered into “complicated” derivatives arrangements that led to its near collapse in 2012. He was giving evidence in the social housing company's lawsuit against Deutsche Bank at London’s High Court, in which it argues that Deutsche has responsibility for the bribing of an employee who made huge losses in derivatives products bought from the bank.Stichting Vestia's former interim head today told a UK court it “wasn’t normal” for the Dutch housing association to have entered into “complicated” derivatives arrangements that led to its near-collapse in 2012....
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