Concept information
Preferred term
Metallgesellschaft
Definition
- A DERIVATIVES trading scheme launched by Metallgesellschaft's U.S. trading subsidiary, MG Corp., resulted in $1.9 billion in losses for the industrial conglomerate, bringing it to the edge of bankruptcy in early 1994. German banks, including Deutsche Bank, a major investor in Metallgesellschaft, provided a bailout worth more than $2 billion. [Source: Encyclopedia of White-Collar & Corporate Crime; Metallgesellschaft]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-HGFKSJ9R-F
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