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Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
The similarities to Lehman are growing by the day.https://t.co/MLGyENcVcb#BreakingNews #Breaking #DeutscheBank #Collapse #Lehman #Banking
— Infinite Unknown (@SecretNews) July 16, 2019
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– “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:
DEUTSCHE BANK has warned customers against investing in cryptocurrencies as one of its global heads has said: “We do not recommend 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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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.
– “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.
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:
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.
– Deutsche Bank Settles With DOJ: Will Pay $3.1 Billion Civil Penalty:
With analyst expectations/hopes in the $2 to $5 billion range (against the initial $14 billion fine), Deutsche Bank said it has reached settlement with US authorities to pay a $3.1 billion civil penalty (and provide $4.1bn in relieef to consumers). Removing considerable uncertainty about Deutsche’s capital position, one wonders how much this remarkably low-ball settlement had to do with Donald Trump’s current loan re-negotiations with the “world’s most systemically dangerous bank.”
Read moreDeutsche Bank Settles With DOJ: Will Pay $3.1 Billion Civil Penalty
– “When Gold Goes Above 1430 We Whack It”:
Submitted by Allan Flynn via ComexWeHaveAProblem blog,
As it goes in silver, so it goes in gold. In London at least.
In a bid to have UBS reinstated as a defendant in a London Gold Fix antitrust lawsuit, plaintiffs documents submitted to a New York Court last week include explosive chat room transcripts of UBS and traders from different banks encouraging each other to “push,” “smack,” and “whack” gold prices.
The transcripts are equally as startling as those described of banks of the London Silver Fix and UBS given to the court the previous day and described last week in this article.
Sure!
– Deutsche Bank “Explains” How Stocks Will React To The Fed’s Rate Hike:
“This time is different”, or maybe it’s just 1929 all over again, because according to Deutsche Bank, after 8 years of easing sent the S&P to all time highs, the only thing that is more bullish than a dovish Fed, is a Hawkish one, and as a result no matter what the Fed does tomorrow, and how it hikes rates, equities can only go “higher.”
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– Deutsche Bank Provides “Smoking Gun” Proof Of Massive Rigging And Fraud In The Silver Market:
Back in April, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning: “in a curious twist, the settlement letter revealed that the former members of the manipulation cartel have turned on each other“, and that Deutsche Bank would provide docments implicating other precious metals riggers. To wit: “In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants.”
Overnight we finally got a glimpse into what this “production” contained, and according to documents filed by the plaintiffs in the class action lawsuit, what Deutsche Bank provided as part of its settlement was nothing short of “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market. The allegation, as Bloomberg first noted, came in a filing Wednesday in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts.
And who is (not) going to jail this time???
– EU fines JPMorgan, HSBC and Credit Agricole $520mn for rate manipulation:
After a five-year investigation, the European Commission has fined three major banks €485 million for rigging the crucial Euro Interbank Offered Rate (Euribor).The Commission said on Wednesday they were part of a seven bank cartel that colluded on setting the euro interest rate instead of competing with each other between September 2005 and May 2008.
JPMorgan was fined €337 million and Credit Agricole €114 million for five-month involvement in the conspiracy. HSBC got a €33 million penalty for its one-month participation.
Read moreEU fines JPMorgan, HSBC and Credit Agricole $520 MILLION for rate manipulation
– Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit:
2016 is shaping up as the year when countless conspiracy theories will be confirmed to be non-conspiracy fact: from central bank rigging of capital markets, to political rigging of elections, to media rigging of public sentiment, and now, commercial bank rigging of both silver and gold. In short, “tinfoil hat-wearing nutjobs living in their parents basement” were right all along.
In early October, we reported that “In A Major Victory For Gold And Silver Traders, Manipulation Lawsuit Against Gold-Fixing Banks Ordered To Proceed,” however one bank was exempt: Deutsche Bank. The reason why was known since April, when we first reported that Deutsche Bank had agreed to settle the class action lawsuit filed in July 2014 accusing a consortium of banks of plotting to manipulate gold and silver. Among the charges that Deutsche Bank effectively refused to contest were the following:
Read moreDeutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit
Related info:
– Hillary Clinton & Donald Trump Are Both Elite Puppets, Serving The Same Masters
– Did George Soros forgive Trump of a $312 million debt? (July 14, 2016):
In 2005 Donald Trump started construction on the Trump International Hotel and Tower in Chicago.
To build the tower, Trump received several loans primarily from Deutsche Bank for $650 million, but he also lined up a $160 million mezzanine loan* from a group of private investors, Fortress Investment Group, Blackacre Capital, and support from billionaire George Soros, who invested $160 million to help build the Chicago skyscraper. Soros was a key piece in what was the largest construction financing in the city’s history, according to real estate sources and public documents.
– Forget Deutsche Bank, These 2 American Banks Are Now “The Most Systemically Dangerous In The World”:
Back in the summer we wrote about an IMF report that flagged Deutsche Bank as the “most important net contributor to systemic risks” (see “‘Deutsche Bank Poses The Greatest Risk To The Global Financial System’: IMF“). Those who read our site frequently were likely not terribly surprised by the IMF’s conclusion.
Among the G-SIBs, Deutsche Bank appears to be the most important net contributor to systemic risks, followed by HSBC and Credit Suisse. In turn, Commerzbank, while an important player in Germany, does not appear to be a contributor to systemic risks globally. In general, Commerzbank tends to be the recipient of inward spillover from U.S. and European G-SIBs. The relative importance of Deutsche Bank underscores the importance of risk management, intense supervision of G-SIBs and the close monitoring of their cross-border exposures, as well as rapidly completing capacity to implement the new resolution regime.
That said, we suspect the latest ranking of global systemically important banks (G-SIBs) by the Financial Stability Board may be a bit more surprising to our readers, among others, as it features two of America’s largest banks right at the very top.
November surprise, i.e. market crash/collapse, on Friday?
Will another Rothschild Illuminati Bank (Deutsche) finally collapse?
We’ll see.— Infinite Unknown (@SecretNews) November 3, 2016
Related info:
– Don’t Look Now But The Most Systemically Dangerous Bank In The World Is Tumbling Again
Continue to prepare for collapse.
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H/t reader squodgy:
“The German Central Bank is out of its depth with the Deutsche Bank toxic debt dilemma, but the European Central Bank, doesn’t give a shit and will enjoy its destruction which opens opportunities for Draghi’s tentacles on behalf of the Rothschilds.
Very messy…but lo & behold….the Clintons appear out of the fog to find a bolt hole via Qatar.”
https://www.youtube.com/watch?v=7FytpzuAVw8
01.11.2016
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– Investors Have Pulled $8 Billion From Deutsche Bank’s ETF Unit:
Earlier this month, Deutsche Bank stock was shaken following a Bloomberg report that Deutsche Bank’s hedge fund clients had withdrawn billions in margin cash from the bank’s prime brokerage unit, adding a shade of liquidity concerns to the bank’s ongoing capitalization woes. It now appears that DB has continued to hemmorhage cash with the FT reporting that the German lender’s exchange traded fund unit has seen billions in outflows as Germany’s biggest lender considers whether to sell parts of its asset management business.
Investors have pulled $8bn from Deutsche’s ETF arm so far this year. This is an unwelcome collapse after a strong performance in 2015 when the unit attracted positive inflows of $28bn, according to ETFGI, a London-based consultancy. DB’s clients have been heading for the exit after the bank was threatened with a $14bn claim by the DOJ.
Read moreInvestors Have Pulled $8 Billion From Deutsche Bank’s ETF Unit
