Grupo Palladium confirmed to Bloomberg (Steven Arons) a few days ago, that it was also affected by DB's commercialization of derivatives as exchange rate hedges that caused it high losses. Palladium is currently assessing the situation and your options.
Bloomberg estimates between 50 and 100 the number of possible companies affected. It is difficult to calculate the impact that derivatives could have had on these companies.
Remarkably, despite the scope and seriousness of what happens continuously and constantly, DB officially downplays it and considers that the claims and the undue trading of derivatives scandal that it has been investigating since 2019, “will not have a significant effect on its accounts. ».
We will have to wait for the result of the claims and a potential sanction from the CNMV for infringement of the MiFID regulations, to find out if the consequences of possible bad practices are, OR NOT, so insignificant, which every so often continues to be affected.
The answer is yes. It is convenient to review all the operations carried out with derivatives.
