“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings

“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings:

It is safe to say that after years of disappointment, investor expectations were low ahead of today’s Deutsche Bank earnings report. Yet somehow, the biggest German lender failed to beat even the most pessimistic one.

Deutsche Bank, which had already guided for a slump, shocked markets when revenue that missed the lowest estimate and fell to the lowest in seven years amid declines at businesses from transaction banking to equity derivatives, and pretty much everything else. Even cost control – supposedly a key feature of CEO John Cryan’s tenure – was worse than expected. The company also reported a €1.3 billion loss for Q4, which while better than the company’s disastrous report last year, was €100mm worse than the lowest forecast and far worse than the consensus loss of €478mm.

“The results are disappointing again and we don’t see anything encouraging in them, reinforcing our doubts in the bank’s strategy and management,” said Michael Huenseler at Assenagon. “There’s no silver lining.”

In line with its US peers, revenues in the all important fixed income and currencies trading group fell 29% year-on-year, and combined FIC and FIC-related financing were 20% lower. Echoing JPM and Goldman, Deutsche said the division suffered from “low volatility, low institutional client activity and difficult trading conditions in certain areas“, Deutsche said in a statement.

Overall trading revenue at the investment bank, excluding financing, declined 27 percent, Deutsche Bank said.

Read more“There’s No Silver Lining”: Deutsche Bank Tumbles On Abysmal Earnings

‘Risk of TOTAL LOSS’ Deutsche Bank warns investors AGAINST cryptocurrency

‘Risk of TOTAL LOSS’ Deutsche Bank warns investors AGAINST cryptocurrency:

DEUTSCHE BANK has warned customers against investing in cryptocurrencies as one of its global heads has said: “We do not recommend it.”

Markus Müller, global head of the chief investment office at the firm, said he does not support the new trend of cryptocurrencies.The bank itself has criticised the high volatility and potential data theft cryptocurrencies bring with it.

Mr Müller said: “It is only for investors who invest speculatively. There is a realistic risk of a total loss.”

He went on to explain that he believes the recent price increases were due to a lot of imagination, driven by the current situation on the market.

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Deutsche Bank: ‘End of Fiat Money’ May Be Near

FYI.

Deutsche Bank: ‘End of Fiat Money’ May Be Near:

A top Deutsche Bank strategist speculates that we may be looking at the “start of the end of fiat money”.

Bitcoin was originally developed as a peer-to-peer electronic cash system that would free its users from the bondage of state-controlled currency and the erosion of wealth due to inflation. Despite its phenomenal growth, most mainstream financial analysts remain skeptical that it will ever achieve mainstream adoption – at least as a currency used for everyday transactions.

However, as Business Insider reports, Deutsche Bank strategist Jim Reid envisions that the current fiat monetary system could begin to collapse within the next decade, creating a climate that would encourage the rise of an alternative currency system.

Read moreDeutsche Bank: ‘End of Fiat Money’ May Be Near

“We’re Now Seeing Bubbles Everywhere” – Deutsche Bank Boss Urges End To “Era Of Cheap Money”

“We’re Now Seeing Bubbles Everywhere” – Deutsche Bank Boss Urges End To “Era Of Cheap Money”:

The head of Germany’s largest commercial bank warned of the fallout from cheap money, cautioning against using the strong euro as a justification for printing more.

Bloomberg reports that the Deutsche Bank Chief Executive Officer John Cryan called for an end to the era of cheap money in Europe, saying that the prolonged period of rock-bottom interest rates is starting to inflate asset bubbles and putting the bank at a disadvantage to U.S. rivals.

Read more“We’re Now Seeing Bubbles Everywhere” – Deutsche Bank Boss Urges End To “Era Of Cheap Money”

“Worse Than People Can Imagine” – Deutsche Bank To Shift $350 BILLION Of Assets From London To Frankfurt

“Worse Than People Can Imagine” – Deutsche Bank To Shift $350 Billion Of Assets From London To Frankfurt:

“The worst is always likely to be worse than people can imagine…”

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Deutsche Bank Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets

Deutsche Bank Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets:

After months of “smoking guns” and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets.

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Deutsche Bank Sued For Running An “International Criminal Organization” In Italian Court

JP Morgan, Goldman Sachs and Deutsche are all important Illuminati banks and they are all doing “God’s work”.

It’s just that nobody asked what kind of God.

This is their God:


Deutsche Bank Sued For Running An “International Criminal Organization” In Italian Court

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Jewish Trust Sues Deutsche Bank For $3 Billion

Jewish Trust Sues Deutsche Bank For $3 Billion:

Just when it seemed that no more lawsuits are possible for Germany’s largest lender, which over the past two years has settled or otherwise paid billions to set aside a barrage of allegations of wrongdoing leading to the bank’s suspension of bonuses for most senior bankers, today we learn that Deutsche Bank was sued by a Jewish charitable trust in Florida, alleging that the bank wrongly withheld as much as $3 billion from the heirs to a wealthy German family.

According to Bloomberg, the lawsuit claims the bank refuses to return the funds initially deposited by the Wertheim family in accounts opened at what is now Credit Suisse Group AG before the rise of the Nazis in Germany. Those accounts were later transferred to Deutsche Bank, according to the complaint filed Wednesday in federal court by Wertheim Jewish Education Trust LLC.

Read moreJewish Trust Sues Deutsche Bank For $3 Billion