(ANSA) - MILAN, MARCH 28 - The authorities have identified an operation on Deutsche Bank's credit default swaps which may have triggered the collapse of the bank on the Stock Exchange last Friday.
According to Bloomberg, it would be a bet of 5 million euros on junior debt.
The regulators allegedly discussed the transaction with some market operators, which took place on illiquid markets, where even a single bet can generate strong movements.
The chain effect, if confirmed, would be impressive: stock markets knocked out, bonds on the rise, 1.6 billion of capitalization burned by Deutsche and over 30 billion from the index of European banks.
(HANDLE).