Epstein Secrets

d strategy is unraveling much faster than we could have expected, probably because of the convoluted political environment and repercussions of the Petrobras bribery scandal (the "Car Wash" investigation). Under these circumstances, it is hard to believe that the economy will recover if the government re

2 -0400 To: jeffrey E. <[email protected]> Classification: Confidential Let's follow-up on our chat last week Paul Morris Managing Director Deutsche Bank Private Bank Office= Cell: From: Daniel Sabba Sent: Thursday, September 10, 2015 10:49 AM To: 'jeffrey E.' Cc: Paul Morris; Vahe Stepanian; Stewart Oldfield

esk analyst looking at CoCos will be sending us a few specific issues in the morning, which we will send along to you once available. In addition to Petrobras, I've attached a piece with top AWM Fixed Income ideas — pgs. 33-44 are specific to top HY ideas. We can highlight the most relevant ideas — plannin

ba ; Ariane Dwyer Subject: RE: Ill Classification: For internal use only Thanks give us a call when you free up Paul Morris Managing Director Deutsche Bank Private Bank From: Vahe Stepanian Sent: Tuesday, November 17, 2015 5:43 PM To: Paul Morris Cc: Stewart Oldfield; Daniel Sabba; Ariane Dwyer Subject: RE: [I]

PM To: Paul Morris; Vahe Stepanian Cc: Stewart Oldfield Subject: RE: [I] As discussed, we will socialize between us some HY bonds in addition to Petrobras. We will also send tacos from credit desk, bank preferred run from STG, and CLO mezz and equity from Och Ziff. From: Paul Morris Sent: Tuesday, No

bject: FW: [I] Classification: For Intsmal use only Can you think about a list, perhaps getting 10 million to work Paul Morris Managing Director Deutsche Bank Private Bank CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075302 CONFIDENTIAL SDNY_GM_00221486 EFTA01378141

esk analyst looking at CoCos will be sending us a few specific issues in the morning, which we will send along to you once available. In addition to Petrobras, I've attached a piece with top AWM Fixed Income ideas — pgs. 33-44 are specific to top HY ideas. We can highlight the most relevant ideas - plannin

Sabba; Ariane Dwyer Subject: RE: [I] Classification: For Internal use only Thanks give us a call when you free up Paul morns Managing Director Deutsche Bank Private Bank From: Vahe Stepanian Sent: Tuesday, November 17, 2015 5:43 PM To: Paul Morris Cc: Stewart Oldfield; Daniel Sabba; Ariane Dwyer Subject: RE: [I]