Adieu, Mr Jain. Is it any wonder he’s leaving? Do you recall that he came to work for Deutsche Bank in 2012 and left it in 2015, exactly the years graphed below?
Also, recall what Michael Lewis told us about Deutsche Bank in The Big Short, “Along with Goldman [Sachs}, Deutsche Bank was the leading market maker in abstruse mortgage derivatives. Dusseldorf was playing some kind of role in the new market. If there were stupid Germans standing ready to buy U.S. subprime mortgage derivatives, Deutsche Bank should have been the first to find them.”