Deutsche Bank has suspended two traders in its commercial mortgage-backed securities (CMBS) team in New York pending an internal investigation into mispricings of the bank's CMBS portfolio.
Jake Markman and Paul Mashikian were placed on administrative leave late last week, according to a spokesman for Deutsche. They are not expected to return to the bank until the investigation, which focuses on the pair's hedging methods for Deutsche's secondary market CMBS trading positions, is complete.