Zions enter into CDO swap deal with Deutsche Bank
SAN FRANCISCO (MarketWatch) — Zions Bancorporation said late Wednesday that it entered into a total return swap and related interest rate swaps with Deutsche Bank AG on $1.16 billion worth of bank and insurance trust preferred collateralized debt obligations. As part of the deal, Deutsche Bank will assume all of the credit risk of this CDO portfolio and pay all interest and principal due to the …