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In Wall Street investment banks, each trader is allowed to make his own decisions within his risk limits, and he can make the opposite bet of another part of the firm. Greg Lippmann, a mortgage trader at Deutsche Bank, made big bets on a housing bust before 2008. Other parts of Deutsche Bank lost billions when the the mortgage bonds defaulted, but Lippmann got rich. Deutsche Bank does not believe in ________ among traders.

Respuesta :

buchinnamani208

Answer:

team building

Explanation:

There is lack of team building in Deutsche bank since everyvtrader seems to be on his own with respect to independent decisions concerning trade. Also allowing each trader in Deutsche bank to bet against another trader in the bank is very counterproductive to team building since traders cannot work together in this way.

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