Deutsche Bank's €94 million CVA loss was "good business", dealers say
Big loss was accompanied by even bigger capital saving, traders point out. Other banks now working out their own policy on controversial capital charge
NOTE: Updated to add details of further CVA hedging losses revealed in Deutsche Bank's third-quarter earnings on October 29.
A €94 million loss is not often seen as good business, but that is how traders at other institutions describe the hit taken by Deutsche Bank during the first half of 2013. The loss resulted from a hedging programme designed to reduce the Basel III capital charge for
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