That’s horses, stable doors, and bolting to English speakers. Or perhaps, it’s more appropriately translated in all its gruesome idiomatic glory: children, wells, drowning and well-covers. (Refit words to horse-bolting metaphor accordingly.)

So long, Deutsche Bank’s child:

FRANKFURT (Dow Jones)–Deutsche Bank AG (DBK.XE) plans to end proprietary securities trading as the related risks are being viewed as unjustifiable, weekly Der Spiegel reports Saturday, without citing its sources.

A company spokesman Sunday referred to comments made by Chief Executive Josef Ackermann Wednesday, when he said that proprietary trading will be scaled down by about 80%.

Related link:
Deutsche’s prop loss - FT Alphaville

This entry was posted by Sam Jones on Monday, January 19th, 2009 at 15:06 and is filed under Capital markets. Tagged with Banks, deutsche bank. Edit this entry.