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Deutsche Bank’s (NYSE:DB) U.S. distressed products group brought in more than $100 million in profits in the first quarter of 2026 on short-selling software companies’ debts.
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Long positions in telecommunications firm Brightspeed and equity in Tronox Holdings, along with short positions in the debt of Xerox Holdings Corp (NASDAQ:XRX), also drove performance during the first quarter, Bloomberg reported.
The distressed trading desk also worked on a deal to provide a senior secured credit facility of up to …
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