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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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Old 03-26-2019, 03:43 AM   #28
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I read in some learned article that Germany would be embarrassed if DB were seen to fail.

I found myself wondering how potential embarrassment could justify the bailing out of such a corrupt institution ?
And at such a huge cost to the people, who had no part in the failure.

The concept of too big to fail ( until it all fails ) would seem to be the driver here.
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Old 03-28-2019, 09:46 AM   #29
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Originally Posted by PMBug View Post:
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.
Perhaps that would [finally] be a good thing? Sort of like a debt jubilee of sorts. Fuck 'em and feed 'em fish heads I say. Let's get rid of all this paper crap and get back to some traditional banking. Let it all unwind. The planet won't catch fire, and after some time, good money will chase out the bad. Sure, there will be mass casualties, but it for damn sure will clear out the snowflakes and pussies.
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Old 04-25-2019, 07:14 AM   #30
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... Deutsche Bank and Commerzbank announced on Thursday that they have abandoned the negotiations after executives from both troubled lenders said the deal wouldn't have created sufficient benefits to offset to 'execution risks', capital costs and restructuring costs.
...
Other Commerzbank suitors have been circling, with Italy's UniCredit and Dutch Bank ING rumored to be interested in buying Commerzbank. UBS and Deutsche have also reportedly pursued talks for Deutsche's majority owned DWS asset management business to buy UBS's asset-management business.
...
https://www.zerohedge.com/news/2019-...zbank-collapse
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Old 05-10-2019, 05:16 AM   #31
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This is a good read about DB:

https://www.theamericanconservative....es-our-crisis/
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Old 05-20-2019, 07:45 AM   #32
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... Deutsche Bank shares tumbled to a new all-time low on Monday after an analyst at UBS downgraded DB shares ...

UBS analysts led by Daniele Brupbacher wrote that operating conditions for Germany’s biggest lender are expected to remain "difficult" and its strategic options are "limited." The bank remains vulnerable to "external events."
...
https://www.zerohedge.com/news/2019-...ts-rating-sell
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Old 06-05-2019, 09:22 AM   #33
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May 30:
Quote :
...
After setting an historic intraday low of $6.82 yesterday on the New York Stock Exchange, shares of Deutsche Bank mustered a tiny rally in the last half hour of trading today to eke out a close of $6.91. Just 12 years ago, this was a $120 stock. The bank now has a market capitalization of $14.18 billion supporting assets of $1.6 trillion. (Perhaps “supporting” is not the right word. Lordy!)

According to the bank’s 2018 annual report, it also has a derivatives book of $49 trillion notional (face amount). Deutsche Bank’s derivatives book was of such a concern to the International Monetary Fund that it issued a 2016 report which found that Deutsche Bank was heavily interconnected to JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America as well as other mega banks in Europe. The IMF wrote that Deutsche Bank posed a greater threat to global financial stability than any other bank as a result of these interconnections – and that was at a time when its market capitalization was tens of billions of dollars larger than it is today.
...
The biggest question right now in the markets is what kind of contagion Deutsche Bank might spread to the other global banks that are counterparties to its derivative trades. ...
http://wallstreetonparade.com/2019/0...uva-bad-month/
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Old 06-14-2019, 05:28 AM   #34
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heh
I read 'The bank now has a market capitalization of $14.18 billion ......'

as 'a market capitulation' dunno why (-;
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Old 06-17-2019, 04:36 AM   #35
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Hey its all sorted -

https://www.zerohedge.com/news/2019-...ic-derivatives

phew ........

At some point there will be the biggest baddest bank ever.
It will be called 'the fiat bank' and will contain all the fiat based debt as all but the few cents borrowed by the peons becomes unpayable.
Then everything will be fine again except perhaps for the few peons who foolishly borrowed an amount that they could service or even repay.

So we can look forward to the reset or the great debt forgiveness for those who borrwed hugely, as a series of bad bank creations that are in effect the reset in a subltle way ?
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