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I wonder how DB will cope with the current CV issue, the Slowdown in Germany, and of course Brexit..
Market seems to say, not well...
Earnings will be interesting, but we wont see Q1 for a while.
and DOSEY DOE N SUZIE DEUTZE
Ads help us run this site; <<<<< iz gonna make me quit this site
In that it has none... LOL
DOTZIE does as DOTZIE will
Actually going to defend the bank slightly here
https://www.google.co.uk/amp/s/www.theregister.co.uk/AMP/2020/02/18/contractors_plan_to_leave_deutsche_bank_ahead_of_ir35_rollout/
Have been chatting to many company contractors, outside banking.,. This is just a thing now.
I have no personal opinion as of yet, but it’s certainly not just DB
$db Deutsche Bank Aktien (DB)
$7.48 ? -0.09 (-1.19%)
Volume: 5,662,689 @12/13/19 6:29:39 PM EST
$db Deutsche Bank Aktien (DB)
$7.57 ? 0.31 (4.27%)
Volume: 12,541,268 @12/12/19 7:23:35 PM EST
$15 million fine.
https://www.ft.com/content/eeefa806-184b-11ea-9ee4-11f260415385
This is related to money laundering charges, and tax evasion, it culminated with their offices been raided earlier this year. That this resulted in “only” $15million, they can consider themselves VERY lucky. This could have been a lot worse.
In general, i think this will be seen as a positive outcome. It puts to bed one of the biggest legal issues facing the bank to bed.
This is sad...
https://lawandcrime.com/high-profile/former-deutsche-bank-executive-who-oversaw-trumps-loans-dies-by-suicide/
I hope Trump hasn't taken a leaf out of Hillary's book.
I suppose it has value, but they are distressed assets, so not much.
Still, it’s off the books..
https://www.bloomberg.com/amp/news/articles/2019-11-27/deutsche-bank-sells-50-billion-book-unwanted-assets-to-goldman?__twitter_impression=true
Selling debt and US central bank buys it with US taxpayer dollars.
Remember DB has the most inefficient IT infrastructure possible.. it would cost Billions to fix. Adding Robots into the mix... What could possibly go wrong...
https://www.fnlondon.com/articles/deutsche-bank-turns-to-robots-to-meet-18000-job-cut-target-20191118
Some Good News, the BNP transfer from DB of its prime brokerage accounts is going ahead.
https://www.thetradenews.com/bnp-paribas-gains-approval-deutsche-bank-prime-brokerage-equities-deal/
This is a positive step to de-risk DB. Will take a while to manage the transfer. These deals make DB smaller and more manageable, none of us want DB to explode. This is a step in a right direction.
Is the other shoe about to drop.
https://www.google.co.uk/amp/s/www.fool.com/amp/investing/2019/11/13/even-after-deutsche-banks-plunge-the-other-shoe-co.aspx
Deutsche Bank executives Jailed...
https://www.google.co.uk/amp/s/amp.independent.ie/business/world/deutsche-bank-officials-jailed-over-italian-banks-false-accounting-38676305.html
They will need a bigger Jail before this is over..
Official news
https://ih.advfn.com/stock-market/NYSE/deutsche-bank-aktiengese-DB/stock-news/81108626/deutsche-bank-considers-exercising-option-to-redee
I see this as pulling back a note ( repaying ) total opposite of what I expect. I know I am misreading / misunderstanding this. Anyone here able to explain this?
Could this be paying one note and grabbing another at better rates?.. I which case standard business stuff,
The next issue DB could have will be Brexit been ratified in the U.K. Prior to the Brexit vote DB was on the brink, the GBP / EURO was quite strong, and heavily impacted DBs bottom line. Brexit vote went ahead and the pound crashed, helping DB...
When the deal goes through, The Pound should at least partially recover. This could be a problem.
Interesting the story I posted was actually denied by DB. This gave it even more legitimacy
https://www.finextra.com/newsarticle/34712/deutsche-bank-collapse-rebuttal-sets-off-twitter-storm
DB since deleted the tweet
An example of selling the family silver.
https://www.thetradenews.com/bnp-paribas-estimates-e400-million-revenue-gain-deutsche-bank-deal/
Not saying it’s the wrong thing to do, quite the opposite. It will however make it difficult for DB to ever survive / be profitable.. I don’t think however that’s the point
I am reading another source that DB is advising the German government that the 4th quarter is going to be in the red by $6bn (mostly one off restructuring) If that’s true, they will need injections by the government ( which they will get ). So not bankruptcy but interesting.
$4bn lost this year so far, not sure if the $6bn is total or additional.
They are selling the family silver, so earning profits post restructuring will be near impossible. I see this as 100% risk reduction / downsizing to a safe default in a few years. If successful, no world crisis..
Probably but interesting none the least. I wonder if DB plans on paying those fines?
Also the derivatives.......look at all the other big banks. There holding it too.
Not much to fault here..
https://inteldinarchronicles.blogspot.com/2019/11/deutsche-bank-death-watch-has-taken-turn.html?m=1
The only slight disagreement is I think in the short term DB could be bailed, but would be in conflict with EU rules. As such, the system would get a clear warning, and have a shot to mitigate the worst.
It’s working capital DB needs, and that costs about 4 billion a year.
I assume this is the rumour you are referring to.
https://www.google.co.uk/amp/s/7bitcoins.com/4chan-prophecy-deutsche-bank-has-reportedly-filed-bankruptcy/amp/
Doesn't look well sourced to me, but who knows...
After reading a few of the reports, redit etc.. I’m going to call FALSE on this one ( for now ).. but it will happen at some point.
It would depend on how the German government reacted, and if it ignores EU rules or not.
Germany would have a choice. Save Germany and the financial system, or save the EU.. I doubt it can do both. It probably can’t do either long term.
Not heard the rumours myself, but have been expecting it at some point. I guess now us a good a time as any.
I can only hope the U.K. sees sense and opts for a clean break. We don’t want to be on line for propping this mess up..
There is a rumor coming out of Germany that DB is filing for bankruptcy. Anybody have any idea what that would do to the financial system?
Didn’t post the link
https://www.google.co.uk/amp/s/www.bbc.co.uk/news/amp/uk-50194681
DB was the bank behind this ( not mentioned in the report )
Focus in this article was EY, but fear not DB is involved
DB is the most corrupt company in the world, which is saying something after what VW did... but now there is a 3rd kid on the block EY... Not quite DB / VW standards, but the more I see the more I dislike.
Why do we allow companies like this to exist... They killed Globalisation with their greed.
Thankfully, at least they are finally been reigned in.
The latest scandal
https://www.bbc.co.uk/news/uk-50194681
EY involved, but guess the bank... you got it ... its always F***ing DB
Cant keep there dirty grubby hands off the criminal money.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=2ahUKEwi4t_Dul8DlAhXMThUIHc3hBmAQFjADegQIAhAG&url=https%3A%2F%2Fwww.bbc.co.uk%2Fnews%2Fbusiness-50205956&usg=AOvVaw1quvll9l3XmSOPhwx7GsI5
Half of 18000 job losses in Germany
https://www.bloomberg.com/news/articles/2019-10-08/deutsche-bank-plans-about-half-its-18-000-job-cuts-in-germany.
London also hit, but good riddance. We dont need their corrupt organisation in the UK
Brexit is comming... Goodbye EU .... Goodbye EURO. .... Goodbye ECB .... Goodbye Deutsche Bank
ECB drops interest rates to -0.5% and restarts stimulus at 20 billion euros a month.
Looks like I was right about the short term lift to the stock, Today they also announced other areas of the business are impacted less than originally thought by the restructuring. All good, and I think an upward push for the next 6 months.
Watch out for Salvini, when he returns ( and he will ) it’s war on the EU and EURO. Spring 2020 would be my guess.
Brexit mostly priced in for now, and more directed at the EU than the EURO.
The DB bomb still ticks. But the klaxon has stopped for now.
See you in the spring . DB could be $12 by then.
Unless the unexpected happens ( which is near certain ),...
GL All whichever side of the trade you share.
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