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Deutsche Bank sued for $8bn over 'sexy, crazy trades'

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In one of Britain’s biggest ever commercial legal battles, Alexander Vik’s investment firm, Sebastian Holdings, is suing Deutsche Bank for $8bn (£5.3bn) relating to “nightmare” losses sustained during the financial crisis. Sebastian, which is based in the Turk and Caicos islands, employed Deutsche as its prime brokerage for the trades….

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Click here to read the full story: The telegraph

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