Deutsche Bank

#52
#52
alexmanu said:
Yeah there have been murmurings that something big is gonna happen re: Deutsche Bank. But it is probably in the "too big to fail" category.
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Ever heard of Lehman Brothers? I worked for a bank that was purchased by Deutsche Bank. Those guys are dirty.
 
#55
#55
"The Deutsche Bank As You Know It Is No More": DB Exits Equities In $8.4 Billion Overhaul, To Fire Thousands

On Sunday afternoon, in a widely telegraphed move, Deutsche Bank announced that it was exiting its equity sales and trading operation, resizing its once legendary Fixed Income and Rates operations and reducing risk-weighted assets currently allocated to these business by 40%, slashing as many as 20,000 jobs including many top officials, and creating a €74 billion "bad bank" as part of a reorganization which will cost up to €7.4 billion by the end of 2022 and which will result in another massive Q2 loss of €2.8 billion, as the bank hopes to slash costs by €17 billion in 2022, while ending dividends for 2019 and 2020 even as it hopes to achieve all this without new outside capital.
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#60
#60
Vol737 said:
It's not just Deutsche Bank...

Imagine the implosion of most of the major European banks...and the chaos that ensues if the ECB tries to backstop. IMF/World Bank to the rescue!!! Which means what?..... the U.S. taxpayer may be getting put on the hook to bail out European banks this time. The absolute biggest theft...err...transfer of wealth out of the U.S.

RAOUL PAL: 'It's not a big storm yet, but the clouds are everywhere'
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The liberals would be fine with that. We're all world citizens anyways.
 
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