Suicide Banker’s Widow Blasts Alleged ‘Cover-Up’, Asks ‘Unbecoming Questions’

Suicide Banker’s Widow Blasts Alleged “Cover-Up”, Asks “Unbecoming Questions” (ZeroHedge, April 3, 2014):

Having changed her Facebook profile picture to a “V…for Vendetta” face mask, the widow of former Zurich Insurance CFO Pierre Wauthier said she and her family cannot accept Zurich’s claim that his death wasn’t brought on by undue stress. As Bloomberg reports, Switzerland’s biggest insurer said in November that no “undue pressure” was put on Wauthier, who said in a suicide note that then-Chairman Josef Ackermann had created an unbearable working environment. But, his wife is demanding to know why her husband’s former boss resigned if he had not accepted blame for the death, and why details of tensions at work were not made public. Her anger is clear, as she blasted “I am not worth talking to… or is it that I would raise unbecoming questions????

Read moreSuicide Banker’s Widow Blasts Alleged ‘Cover-Up’, Asks ‘Unbecoming Questions’

Former Fed President Thomas Hoenig: Deutsche Bank ‘Is Horribly Undercapitalized … It’s Ridiculous’

And who said, when Bilderberg Josef Ackerman left Deutsche, that things will get very interesting soon enough?

Oh, that was me.


Deutsche Bank “Is Horribly Undercapitalized… It’s Ridiculous” Says Former Fed President Hoenig (ZeroHedge, June 15, 2013):

Back in May 2012, when we were making fun at the latest iteration of the now fatally discredited European stress tests, we took the first of many jabs at the what may currently be the world’s most systematically important, and undercapitalized, bank in the world:

Finally, if anyone is still confused where the pain is headed next, here is a list from Morgan Stanley of all Euro banks with a Core Tier 1 ratio that is so low, that the banks will soon regret not raising more capital in the period of calm that the ECB’s LTRO bought them.

Also, one bank is missing from the list above: Deutsche Bank. CT1/TA: 1.68%. Oops.

That’s right – Deutsche Bank was so bad that it wasn’t even allowed to appear on a screen of Europe’s most undercapitalized banks – and we helpfully pointed out its true capital ratio of just under 2%, and an implied leverage of 60x!

Fast forward 13 months to a Reuters interview with former Kansas City Fed president and FOMC dissenter and sole voice of reason at the Federal Reserve, and current FDIC Vice Chairman Tom Hoenig, who confirmed that once again Zero Hedge was just a year ahead of the curve.

A top U.S. banking regulator called Deutsche Bank’s capital levels “horrible” and said it is the worst on a list of global banks based on one measurement of leverage ratios. “It’s horrible, I mean they’re horribly undercapitalized,” said Federal Deposit Insurance Corp Vice Chairman Thomas Hoenig in an interview. “They have no margin of error.”  Deutsche’s leverage ratio stood at 1.63 percent, according to Hoenig’s numbers, which are based on European IFRS accounting rules as of the end of 2012.

In other words, the slighest systemic shock in Europe and Deustche Bank gets it. And as Deutsche Bank goes, so does Germany, so does Europe, so does the world.

Immediately confirming Hoenig’s (and Zero Hedge’s) observations, was Deutsche’s prompt repeat that “all is well” and that “these numbers” are not like “those numbers.”

“To say that we are undercapitalized is inaccurate because if you look at the Basel framework, we’re now one of the best capitalized banks in the world after our capital raise,” Deutsche Bank’s Chief Financial Officer Stefan Krause told Reuters in an interview, when asked about Hoenig’s comments. “To suggest that leverage puts us in a position to be a risk to the system is incorrect,” Krause said, calling the gauge a “misleading measure” when used on its own.

Of course, DB’s lies are perfectly expected – after all it is a question of fiath. So let’s go back to Hoenig who continues to be one of the few voices of reason among the “very serious people”:

Read moreFormer Fed President Thomas Hoenig: Deutsche Bank ‘Is Horribly Undercapitalized … It’s Ridiculous’

Bilderberg 2013: Armed Checkpoints Set Up On Local Roads, Locals Must Show Passports To Enter Own Driveways

Related info:

Bilderberg 2013: Full List Of Attendees

British Taxpayers To Pay ‘MILLIONS’ Towards Secretive BILDERBERG Meeting Security


Conspiracy theorists claim it is a shadow world government. Former leading members tell the Telegraph it was the most useful meeting they ever went to and it was crucial in forming the European Union. Today, the Bilderberg Group meets in Britain.

Bilderberg Group? No conspiracy, just the most influential group in the world (Telegraph, June 6, 2013):

“The abuse is terrible,” said Peter Mandelson, leading the walking party through the throng of protesters and carrying the group’s uniform orange ski jacket under his arm.

Amid the din, Peer Steinbruck, the former German Finance Minister, pointedly refused to break off his conversation with Thomas Enders, the head of defence giant EADS. Behind him, Eric Schmidt, the Google chairman, picked up the pace along the narrow road and kept his eyes fixed on the Suvretta hotel ahead. Franco Bernabe, the vice chairman of Rothschild Europe, grinned through the chorus of booing and chanting in German down megaphones, before ducking under the police tape and into the safety of the hotel’s grounds.

It was June 2011. Demonstrations were sweeping through the stricken eurozone, China and North Africa. And in tranquil St Moritz, high in the Swiss alps, half a dozen of the most powerful men in the West had taken a break from a weekend of intensive and strictly confidential debate to walk in the woods, when their paths crossed with the protesters who had come from around the world to keep an eye on them.

The gathering was entirely innocent, the walking party would insist. But what were they doing there?

No such encounters will take place in Watford this week, as the Bilderberg, the annual conference for 140 of the world’s most powerful, meet for four days at The Grove, a £300-a-night golf hotel close to the M25. The entire hotel has been booked out, and a high fence erected around the exclusion zone. Armed checkpoints have been set up on local roads, and locals must show their passports to enter their own driveways. The Home Office may foot the bill. A US news site dedicated to uncovering conspiracies had booked a room for last week but were told by phone not to turn up.

Read moreBilderberg 2013: Armed Checkpoints Set Up On Local Roads, Locals Must Show Passports To Enter Own Driveways

Bilderberg 2013: Full List Of Attendees

The Full List Of 2013’s Bilderberg Attendees (ZeroHedge, June 3, 2013):

The only thing more ominous for the world than a Hindenburg Omen sighting is a Bilderberg Group meeting. The concentration of politicians and business leaders has meant the organisation, founded at the Bilderberg Hotel near Arnhem in 1954, has faced accusations of secrecy. Meetings take place behind closed doors, with a ban on journalists. We suspect the agenda (how the US and Europe can promote growth, the way ‘big data’ is changing ‘almost everything’, the challenges facing the continent of Africa, and the threat of cyber warfare) has been somewhat re-arranged as market volatility picks up and the status quo begins to quake once again.  The annual gathering of the royalty, statesmen, and business leaders, conspiratorially believed to run the world (snubbing their Illuminati peers and Freemason fellows), will take place this week at the Grove Hotel in London, England.

The Telegraph provides the full list of attendees below – for those autogrpah seekers – including Britain’s George Osborne, US’ Henry Kissinger, Peter Sutherland (the chairman of Goldman Sachs), the Fed’s Kevin Warsh, Jeff Bezos?, Peter Thiel, Italy’s Mario Monti, and Spain’s de Guindos.

Bilderberg delegates in full

  • Chairman: Henri de Castries, Chairman and CEO, AXA Group
  • Paul M. Achleitner, Chairman of the Supervisory Board, Deutsche Bank AG
  • Josef Ackermann, Chairman of the Board, Zurich Insurance Group Ltd
  • Marcus Agius, Former Chairman, Barclays plc
  • Helen Alexander, Chairman, UBM plc

    Read moreBilderberg 2013: Full List Of Attendees

At $72.8 TRILLION Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)

I told you when Bilderberg Josef Ackerman left Deutsche that things will get very interesting soon enough .


At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan) (ZeroHedge, April 29, 2013):

Moments ago the market jeered the announcement of DB’s 10% equity dilution, promptly followed by cheering its early earnings announcement which was a “beat” on the topline, despite some weakness in sales and trading and an increase in bad debt provisions (which at €354MM on total loans of €399.9 BN net of a tiny €4.863 BN in loan loss allowance will have to go higher. Much higher). Ironically both events are complete noise in the grand scheme of things. Because something far more interesting can be found on page 87 of the company’s 2012 financial report.

The thing in question is the company’s self-reported total gross notional derivative exposure.

And while the vast majority of readers may be left with the impression that JPMorgan’s mindboggling $69.5 trillion in gross notional derivative exposure as of Q4 2012 may be the largest in the world, they would be surprised to learn that that is not the case. In fact, the bank with the single largest derivative exposure is not located in the US at all, but in the heart of Europe, and its name, as some may have guessed by now, is Deutsche Bank.

Read moreAt $72.8 TRILLION Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan)

Deutsche Bank CEO (BILDERBERG) Josef Ackermann Just Gave A Terrifying Speech In Frankfurt (Video)


Bilderberg 2010 in Sitges: Josef Ackermann


Deutsche Bank CEO Just Gave A Terrifying Speech In Frankfurt (Business Insider, Sep. 5, 2011):

Josef Ackermann just gave a terrifying speech about the fragility of the Euro banking sector right now.

At a conference in Frankfurt he said, “It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels.”

We have translated the speech based on Handelsbatt’s, the organizer of the event where Ackermann spoke, account of it.

“In recent weeks, the distrust of the financial markets has spread to the banks because they are now suffering from the debt crisis in Europe and have a lot of exposure to, for example, Greek bonds.”

“Since the financial crisis, some European banks have lost a third or more of their market capitalization,” he said, according to Google Translate.

“Most institutions have a rating of “below the book value or at best.”

Read moreDeutsche Bank CEO (BILDERBERG) Josef Ackermann Just Gave A Terrifying Speech In Frankfurt (Video)

Bilderberg Deutsche Bank CEO Josef Ackermann: Greek Woes May Eclipse Lehman


Bilderberg 2010 in Sitges

Exclusive: Greek woes may eclipse Lehman: Ackermann (Reuters, June 28, 2011):

(Reuters) – Deutsche Bank’s (DBKGn.DE) CEO described the situation in Greece as critical and warned contagion to other euro zone members could lead to a crisis bigger than the one sparked by the collapse of Lehman Brothers.

Governments across the single currency bloc are pushing the banks, pension funds and insurance firms that hold Greek sovereign debt to play a role in a second rescue package for the heavily indebted euro zone nation.

Josef Ackermann cautioned against any steps that could spread the crisis to other vulnerable countries in the 12-year old currency bloc.

“If it is Greece alone, that’s already big. But if other countries are drawn in through contagion, it could be bigger than Lehman,” the Deutsche Bank chief said at a Reuters banking event on Monday.

Read moreBilderberg Deutsche Bank CEO Josef Ackermann: Greek Woes May Eclipse Lehman

Bilderberg 2011: The Full Official Attendee List

Bilderberg Group 2011: Full Official Attendee List:

“Thanks to the fantastic work of Bilderberg activists, journalists and the Swiss media, we have now been able to obtain the full official list of 2011 Bilderberg attendees. Routinely, some members request that their names be kept off the roster so there will be additional Bilderbergers in attendance.

Belgium

  • Coene, Luc, Governor, National Bank of Belgium
  • Davignon, Etienne, Minister of State
  • Leysen, Thomas, Chairman, Umicore

China

  • Fu, Ying, Vice Minister of Foreign Affairs
  • Huang, Yiping, Professor of Economics, China Center for Economic Research, Peking University

Denmark

  • Eldrup, Anders, CEO, DONG Energy
  • Federspiel, Ulrik, Vice President, Global Affairs, Haldor Topsøe A/S
  • Schütze, Peter, Member of the Executive Management, Nordea Bank AB

Germany

  • Ackermann, Josef, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank
  • Enders, Thomas, CEO, Airbus SAS
  • Löscher, Peter, President and CEO, Siemens AG
  • Nass, Matthias, Chief International Correspondent, Die Zeit
  • Steinbrück, Peer, Member of the Bundestag; Former Minister of Finance

    Read moreBilderberg 2011: The Full Official Attendee List

Bilderberg 2011: The Curtains Are Drawn

See also:

Top Swiss Banking Insider Exposes The Bilderberg Group



The Bilderberg 2011 security fence, or should that be ‘a massive white fence of embarrassment’? Photograph: Charlie Skelton

Breaking news. There’s been a bomb. Sorry, a “bomb”. A “tubular device” has been “found” by the police, two people have been cuffed and whisked off, and the security is tightening fast. The bomb business has only kicked off in the last hour, but a photo of the arrest is winging its way down the mountain towards me. I’ll post it up when it gets here.

So yes – seems that I spoke too soon about a chilled-out Swiss Bilderberg. The happy proximity of cameras and conference had already been broken, overnight, by a long white security fence, which blocked our view of the venue. No one seems to know who put it up, but the smart money says that it was hammered in at 3am by Jorma Ollila, the Chairman of Royal Dutch Shell, while Peter Voser, the CEO of Royal Dutch Shell, held the nails.

Now of course, when I describe what’s gone up as a “security fence”, what I actually mean is “privacy fence”. It’s a shower curtain, not a ring of steel. And of course, by “privacy” what I actually mean is “shame”. It’s a shame fence. A massive white fence of embarrassment. Privacy is what the delegates get when they close the door of their conference hall. Privacy is a Chatham House agreement not to discuss in public what was discussed at the various presentations and seminars of Bilderberg.

But this isn’t privacy. It’s hiding. It’s a child hiding behind the curtains in case the monsters see it, and I find it weirdly infantile. Oddly unconfident. Grown-ups, happy in what they’re doing, don’t slide down in their car seats and slip in through side doors. You’ve got the world’s most powerful people sneaking around like naughty kiddies. Naughty kiddies with secret service spotters on their hotel roof, and armed men on motorbikes flanking their limousines.

This is the bit about Bilderberg that I really don’t get. It’s an old chestnut, but let’s just take another bite at it. Let’s just say, for the sake of argument, that Bilderberg benefits us all. The citizens of the world are made safer, or happier, or healthier, or better off as a result of this meeting. Let’s just say that the head of Deutsche Bank spends four days with the head of BP in order to improve our lives.

Let’s suppose, shall we, that the amiable hosts – David Rockefeller, Henry Kissinger, and the Queen of the Netherlands – have the interests of the general public written in big red letters at the top of their conference agenda.

Suppose all that. Then why the fence? Why do delegates fling themselves across the back seats of their limousines rather than be seen attending this helpful gathering? Why the blacked-out windows and the newspapers held in front of their faces? And why the big white fence? I don’t get it.

Why isn’t Josef Ackermann, the CEO of Deutsche Bank, waving benignly to the crowds? Why aren’t the excited participants pausing at the hotel gates to speak to the invited press? “Yes, thank you, we’re hoping to solve Europe‘s financial crisis this year – so finger’s crossed!” Why are German plane clothes policemen following members of the public around Swiss streets…? Sorry – different question. Important, but different.

Read moreBilderberg 2011: The Curtains Are Drawn

Top Swiss Banking Insider Exposes The Bilderberg Group

Related info:

The Extended Confessions Of Economic Hit Man John Perkins (Video)

Libya: John Perkins: It’s Not About Oil, It’s About Currency and Loans – Rothschilds Finish Off Gaddafi – ‘The Price of Freedom’, Highest Standard of Living in Africa

Flashback:

Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering


“They have a new plan to censor the internet, because the internet is still free. They want to control it and use terrorism or what ever as a reason. They could even plan something horrible so that they have an excuse.”

Startling revelations from a Swiss banking insider:

Q: Can you tell us something about your involvement in the Swiss banking business?

A: I have worked for Swiss banks for many years. I was designated as one of the top directors of one of the biggest Swiss banks. During my work I was involved in the payment, in the direct payment in cash to a person who killed the president of a foreign country. I was in the meeting where it was decided to give this cash money to the killer. This gave me dramatic headaches and troubled my conscience. It was not the only case that was really bad but it was the worst.

Read moreTop Swiss Banking Insider Exposes The Bilderberg Group