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https://www.ft.com/content/d05491d7-...c-cc89ed6051fd
It's long been speculated that this bank's failure, Germany's largest, could be the trigger for the next global financial crisis. A 2008 style Lehman moment times 10. Apparently, its total assets is less than 1% of its liabilities.
Seem another culprit of Merkels ideologies. Said she wont step in to help the bank.
I know many would prefer this option to what we took, but the realities of it are something close to catastrophe. She will single handedly ruin europe.
Cough: Soros Fund Management, the family office run by George Soros, had built up a short position worth more than €100m against the German bank around the time of Britain’s vote to leave the EU, but has since scaled this back to below the level where it must be publicly disclosed.
Merkel can give it the big one about not using state aid to help it. They are forcing Italy down that whole bail in thingy majiggy.
We'll see how happens when the prospect of Germany being punished for negligence comes about.
I imagine German tax payers will not be pleased.
Even throughout this though Deutsche bank came out above a few UK banks didn't it. In that stress test?.
A case of casino banking if ever I saw one.Quote:
Originally Posted by Organ Morgan.
if that was the case it would fail Basel II, III and Solvency II and couldn't trade. don't believe everything you readQuote:
Originally Posted by Wales-Bales
The Financial Times? How did Lehman Bros and the rest of them pass all the tests? Who makes all of these tests? Who advises what the tests should consist of?Quote:
Originally Posted by TISS
Their share price finished the day down 7.54%. https://uk.finance.yahoo.com/q?s=DBK.DE
The bank has an estimated derivatives exposure of 70 trillion euros. That's equal to the entire world's GDP. Warren Buffet once described derivatives as financial weapons of mass destruction.
Oh cricky , don't mention that austerity may follow .Quote:
Originally Posted by Organ Morgan.
It's the second biggest investment bank in the world. Perhaps it's too big to bail?
You mean more austerity to follow the existing austerity :biggrin:Quote:
Originally Posted by life on mars
Deutsche Bank is currently down 3.32% today at €10.20, just 2% above the psycholgically important €10 level. https://uk.finance.yahoo.com/q?s=DBK.DE
They aren't allowed to bail them out are they?.Quote:
Originally Posted by Organ Morgan.
The legislation has recently been changed all across Europe including the UK, and it's now a case of Bail-ins with the depositors being classed as unsecured creditors!Quote:
Originally Posted by شهرستان کاردیف