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Old 01-31-2019, 07:19 AM   #21
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Deutsche Bank AG executives are worried that they’re down to the last 60 days to turn around their struggling franchise.

On the eve of fourth-quarter results that are likely to reflect its troubles, the bank’s ability to avoid a government-brokered merger with Commerzbank AG could rest on its performance in the first quarter of 2019, according to people briefed on the thinking of its top executives.
...
More: https://www.bloomberg.com/news/artic...all-else-fails

DB is in deep doo doo.
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Old 01-31-2019, 08:57 AM   #22
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I'm pretty sure they've been in deep for some time 'Bug. Look at a five year graph of their stock. As their legal woes have come to light, and their balance sheet hi jinks have become public, the world has taken notice. All the CDS in the world won't cover their ass on this mess.
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Old 02-19-2019, 09:07 AM   #23
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German financial watchdog Bafin has extended the mandate of its monitor at Deutsche Bank over the bank's role in a money laundering scandal involving Danske Bank.
...
Board member Karl von Rohr said last week that it had so far not made any provisions for possible Danske-related legal costs.

In 2017, the Fed was among regulators that fined Deutsche Bank nearly $700 million (£546 million) for weak controls that allowed money laundering from Russia. A U.S. Department of Justice investigation into the case is still ongoing.
https://uk.mobile.reuters.com/article/amp/idUKKCN1Q40VH

Quote :
Deutsche Bank said it has done enough to get its investment bank back on track as Chief Executive Christian Sewing came under renewed pressure from top investors.
...
"There are those who are calling for a merger with Commerzbank, others who would prefer to split up the bank and another that wants a managed downsizing, which would include a shrinking of the U.S. investment bank," the person said.
...
https://uk.mobile.reuters.com/article/amp/idUKKCN1Q30N7
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Old 03-08-2019, 07:03 AM   #24
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The top executives of Deutsche Bank AG and Commerzbank AG have resumed discussions on a possible merger of the two lenders, the German magazine Focus reported, citing unidentified people familiar with the matter.

Deutsche Bank Chief Executive Officer Christian Sewing has been in intense talks with Commerzbank CEO Martin Zielke for some days, after receiving a mandate from their management and supervisory boards, according to Focus.
...
https://www.bloomberg.com/news/artic...lks-focus-says
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Old 03-20-2019, 09:25 AM   #25
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Germany has come up with a solution to the deep troubles at one of the world’s largest banks: make it part of an even bigger one. The people who oversee Europe’s financial system had better be ready for the consequences if this doesn’t end well.

The Frankfurt-based Deutsche Bank is in talks to merge with crosstown rival Commerzbank — a move that Germany’s finance ministry has favored for months. The result would be a behemoth with assets of about 1.8 trillion euros, equivalent to more than half of Germany’s annual economic output; the merged bank would be Europe’s third biggest after the U.K.’s HSBC and France’s BNP Paribas.

The deal is a short-term answer to a politically fraught question — what to do about a struggling and systemically important institution. After a series of unsuccessful turnaround efforts, Deutsche Bank has been in what its own chief financial officer described as “a vicious circle of declining revenues, sticky expenses, lowered ratings and rising funding costs,” exacerbated by numerous international money-laundering probes. The proposed merger will provide a brief respite, but is unlikely to solve the underlying problems.
...
More: https://www.bloomberg.com/opinion/ar...for-eu-germany

I'm surprised that Bloomberg acknowledged the truth about this issue.
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Old 03-20-2019, 12:50 PM   #26
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Just.....wow. I say unwind the thing. Take the lumps and move on. The bad deals and unperforming assets belong to the stock and bondholders. Why the desperate motivations to save them? This theory that these banks are too big to fail is bullshit. Let one fail, then the others will see that they should exercise more caution and boom....we will have banks that don't do stupid shit.
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Old 03-22-2019, 07:10 AM   #27
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Pretty sure it's because the rest of the banking system in Europe would face tremendous stress (ie. cascading bank failures) if DB went through bankruptcy.
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