Deutsche Bank Pulls Plug On New Crude Oil Notes

Law360, New York (August 19, 2009, 3:55 PM EDT) -- With the U.S. Commodity Futures Trading Commission contemplating new regulations for institutional investors dabbling in oil speculation, Deutsche Bank has announced that it has temporarily stopped issuing a line of long-exposure crude oil exchange-traded notes.

The German banking giant said Tuesday that no new PowerShares DB Crude Oil Double Long Exchange Traded Notes ā€” senior unsecured obligations linked to returns on Deutsche Bank indexes reflecting rises and falls in certain crude-oil futures ā€” would be issued for the time being, although daily repurchases for current noteholders...
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