In the meantime, The Financial Times reports that Deutsche Bank faces a $37m lawsuit filed by Arco Capital, which is seeking damages relating to the sale of $1bn in structured products which the firm claims turned out to be 'a repository for poorly-underwritten, toxic or distressed lending assets'.
Deutsche denies the claims.
Finally, the newspaper reports that more and more graduates are looking further afield than investment banking as they dip their toes in the job market. Reduced compensation, job insecurity and the fact that the industry is in such disrepute has all taken a toll, with careers in consulting now much more coveted.
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