Another Example of What Makes America A Great Country

Deutsche Bank lost $1 billion from proprietary credit bets in the fourth quarter in a unit led by the New York-based co-head of global credit trading, Boaz Weinstein, people familiar with the matter said on Dec. 12. Weinstein plans to leave the firm with about 15 of his colleagues in the second quarter to start a hedge fund, the company said on Jan. 9.