Deutsche Bank flew and fell. Some paid a high price

The investment bank they created remains a power in bond and foreign currency trading worldwide

In 2005, Deutsche Bank, then a powerhouse in the selling of risky derivatives on a global scale, was minting money.

To mark the moment, the bank's profit engine - its global markets division - commissioned a book about itself. The remembrance would celebrate how Deutsche Bank, once a sleepy lender to German car companies, had transformed itself in just 10 years into a force in financial engineering, selling interest-rate swaps, credit derivatives and opaque tax-slashing investment vehicles to the world's wealthy elite.

In the view of one senior executive, it all came down to masterly salesmanship by a single man, Anshu Jain,