Deustche Bank blames Palladium for FX derivatives losses

Deutsche Bank has denied wrongdoing in a €500 million FX mis-selling lawsuit brought by Spanish hotel chain Palladium Group, saying the firm “caused or contributed to its loss by being at fault in the care of its own affairs.” Deutsche has faced questions over whether some of its products were mis-sold and launched an internal investigation after a number of Spanish companies suffered losses on complex currency trades.