Sep 26

“You Can’t Compare Deutsche Bank To Lehman”

… because Deutsche is much, much worse than Lehman.

So move along, there is nothing to see here.


Germany Goes There: “You Can’t Compare Deutsche Bank To Lehman”:

“When it’s important, you have to lie,” is the now well-known mantra from European leaders when the crisis hit. So when a German politician proclaims “you can’t compare Deutsche Bank with Lehman. The bank is in a position to get out of this situation on its own,” it’s time to panic. Just a week after the 8th anniversary of Lehman’s collapse, the multi-trillion dollar derivative book of Deutsche Bank dwarfs that of Lehman… and the credit markets are starting to wake up again.

lehman-deutsche-bank

Following government exclamations that there will be no bailout for Deutsche Bank, Hans Michelbeck – from Merkel’s Christian Democrat-led bloc and a member of German lower house’s finance committee – confirms it is “unimaginable” that the German government would support Deutsche Bank AG with taxpayers’ money. Continue reading »

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Sep 26

A Crashing Deutsche Bank Scrambles To Assure Markets That It Is “Fine”

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Sep 26

Deutsche Bank Stock Plunges To All Time Low After Merkel Rules Out State Bailout; Default Risk Surges

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Sep 26

“When will she buckle?”

Maybe somewhere between Sept. 30 and Oct. 12? (Sept. 30 would make a lot of sense.)

So always go shopping on Thursdays and stock up on everything.

Oh wait … I can tell you exactly when Deutsche will collapse:

It will collapse when Lord Rothschild is pressing the ‘sell all Deutsche shares’ button …

Panic-Button

H/t reader squodgy:

“Angela is NOT a Rothschild. She has no say in the future of the Deutsche Bank. That rests with you know who.

Based on the historical events pertaining to the rule of the “too big to fail” principle, and the current share valuation, would it be prudent to consider purchasing shares in it?……or…. based on the principle of exclusive Rothschild ownership comprising Debentures, Preferential Shares, Class ‘A’s, Class ‘B’s and then the risky unprotected dross which we mere serfs can buy….”Ordinary Working Class Shares” it seems those in power benefit at our expense yet again………So steer clear.”


Deutsche Bank in Free Fall. Shares, CoCo Bonds Plunge. Merkel Gives Cold Shoulder on Bailout. Bank Denies Everything:

When will she buckle?

Shares of Deutsche Bank got bashed 7.6% today, to €10.49 in Frankfurt, down 67% from April 2015, to the lowest level since they started trading on the Xetra exchange in 1992. They traded below that level in the early 1980s, but decades of inflation have whittled down the purchasing power so much that comparisons are meaningless.

Deutsche Bank’s 5-year default probability spiked to the highest level this year. Continue reading »

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Sep 21

Deutsche is to big to safe, thanks to former CEO, Bilderberg & Rothschild puppet Josef Ackermann.

Josef Ackermannjosef-ackermann


Could Germany Ever Allow Deutsche Bank To Go Under?:

Via Golem XIV blog,

Deutsche Bank, one of Europe’s behemoths, is in very deep trouble having lost 90% 0f its share price value since 2007, has been falling sharply all this last year (48% loss this year) and, with its $42 Trillion in Derivatives exposure was singled out by the IMF, as the bank which ,

“appears to be the most important net contributor to systemic risks…”

Of course Deutsche agues the standard ‘derivatives-aren’t-a-problem’ line, that this 42 trillion all nets out and their real exposure is a fraction of that vast figure. Which is fine as long as you think that in the event of Deutsche coming unstuck, 42 trillions-worth of derivatives contracts can be held in abeyance for the time it would take for all those contracts to be netted out.  As I’ve said before netting out is akin to getting a rowing boat full of people to all change places  without the boat overturning. Continue reading »

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Sep 20

Italy’s PM Unloads On Deutsche Bank’s Unfixable Problem: “Hundreds And Hundreds Of Billions Of Derivatives”:

While Italy’s prime minister Matteo Renzi may be wrong about almost everything else, he is right about the elephant in the room: Deutsche Bank’s “hundreds and hundreds and hundreds of billions of euros of derivatives.” €42 trillion to be precise.

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Sep 19

Deutsche Bank Extends Losses Near Record Lows: “Significantly Undercapitalzied… Even Without Bad Outcomes”

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Sep 17

Deutsche Bonds “Dropping Like A Stone” As ‘Most Dangerous Bank In The World’ Plummets:

“They are dropping like a stone,” warns one European credit strategist as signals from the bottom of Deutsche Bank’s capital structure signal a “huge increase in the potential for a coupon skip.” With DB stock tumbling towards record lows again (EUR 11 handle), Bloomberg reports, the bank’s 1.75 billion euros ($2 billion) of 6% additional Tier 1 bonds, the first notes to take losses in a crisis, are crashing… as the world’s most systemically dangerous bank faces existential problems once again.

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Sep 15

Deutsche Bank Slapped With $14 Billion Fine By DOJ Over Mortgage Probe:

Blowback? Just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has responded with $14 billion fine on Deutsche Bank related to the DOJ’s outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.

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Sep 13

Twitter account of “Alois Irlmaier”:

“Documenting the lead up to World War 3 as predicted by German seer of same name. is right around the corner. Hope for the best, prepare for the worst.”

Related info:

The Prophecies Of Alois Irlmaier – The Roadmap To WW3 – The 3 Days Of Darkness (Worse Than WW3)


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Sep 02

deutsche gold_0

Deutsche Bank Tries To Explain Why It Did Not Deliver Physical Gold, Fails:

The unprecedented escalation involving Deutsche Bank’s failure to deliver physical gold on demand continues.

As we first reported two days ago, a client of Xetra-Gold, a German Exchange-Traded Commodity fund, tried to get access to the gold he had been promised under the Xetra-Gold prospectus, leading to much confusion about just where the failure to deliver had taken place, at Xetra or at the fund’s designated sponsor, and the client’s principal bank: Deutsche Bank.

Then, overnight, we presented the just as odd response provided by Deutsche Boerse where the ETC is traded, which sounded as if it was trying to pass the buck onto Deutsche Bank. This is what it said: Continue reading »

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Sep 01

xetra gold bars

Deutsche Boerse Responds To Deutsche Bank’s Failure To Deliver Physical Gold:

In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity was told the fund’s designated sponsor, Deutsche Bank, would be unable to deliver the requested gold. This was contrary to the explict reps and warrantiesmade explicitly in the Xetra-Gold’s prospectus, which said that investors are entitled to the delivery of the certified amount of physical gold at any time, and proudly added that “since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered.” Continue reading »

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Sep 01

Something unexpected happened when a customer of Xetra-Gold, whose designated sponsor is Deutsche Bank, demanded physical delivery of his gold as was his right…


xetra gold bars

Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand:

While the trading world was focused on the latest news involving Deutsche Bank, namely that the troubled German bank had been contemplating a merger with Germany’s other mega-bank, Commerzbank as part of a strategy to sell all or part of a key business to speed up its flagging overhaul, a more troubling report emerged in a German gold analysis website, according to which Deutsche Bank was unable to satisfy a gold delivery request when asked to do so by a client of Germany’s Xetra-Gold service.

But first, what is Xetra-Gold?

According to its website, the publicly traded company “provides investors with an efficient instrument to participate in the performance of the gold market. Xetra-Gold’s combination of features – cost-efficient trading and the right for physical delivery of gold – makes it an attractive product.”

Among its highlights, Xetra-Gold lists the following: Continue reading »

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Aug 25

Deutsche Bank CEO Warns Of “Fatal Consequences” For Savers:

Deutsche Bank’s war of words with the ECB is not new: it was first unveiled in February when, as we wrote at the time “A Wounded Deutsche Bank Lashed Out At Central Bankers: Stop Easing, You Are Crushing Us.” Europe’s largest bank, with the massive derivatives book, then upped the ante several months later in June, when its chief economist Folkerts-Landau launched a shocking anti-ECB rant in which it warned of social unrest and another Great Depression.

Ironically, these infamous diatribes hurt more than helped: telegraphing to the market just how hurt DB was as a result of the ECB’s monetary policy, the market punished its stock, which has been recently trading within spitting distance of all time lows, in effect making Deutsche Bank’s life even harder as it now has to contend not only with its own internal profitability problems, but also has to maintain a market-facing facade that all is well. So far, it has not worked out very well, prompting numerous comparisons to another infamous bank.

 

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So, in what may have been DB’s loudest cry for help against the ECB’s unwavering commitment to rock-bottom interest rates, the bank’s CEO, John Cryan, warned in a guest commentary ahead of the Handelsblatt Banking Summit titled, appropriately enough “Banks in Upheaval”, to be held in Frankfurt on August 31 and September 1, that “monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer.Continue reading »

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Aug 19

ben artzi

Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words:

At the height of the financial crisis, when risk assets were imploding and counterparties were in danger of overnight collapse, Deutsche Bank avoided failure and nationalization by fabricating the value of its $130 billion derivative portfolio of “leveraged super senior” trades.

Some history: back in 2005, these trades were seen as “the next big thing” in the world of credit derivatives, something which DB at the time was building a massive position in. They were designed to behave like the most senior tranche of a typical collateralised debt obligation, where assets such as mortgages or credit default swaps are pooled to give investors varying degrees of risk exposure. Deutsche became the biggest operator in this market, which involved banks buying insurance against the possibility of default by some of the safest companies, the FT writes. Continue reading »

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Aug 10

Related info:

Warren Buffett Exits Entire Credit Default Swap Exposure, As Citi’s Appetite For Derivative Destruction Surges

Continue to prepare for collapse!


deutsche bank

Deutsche Bank Unexpectedly Found To Have Massive Capital Gap, Larger Than Its Entire Market Cap:

After the ECB concluded its latest annual stress test, which as expected found no problems with Europe’s largest banks instead scapegoating Italy’s well-known troubled banks in results that were widely discredited by the market, yesterday in an unexpected outcome, German economic research institute ZEW found that Germany’s largest bank, Deutsche Bank, had the highest potential capital shortfall, as much as €19 billion in a study of 51 European banks using U.S. Federal Reserve stress test methods. The capital gap is greater than DB’s entire market cap.  Continue reading »

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Aug 03

financial-armageddon

The Financial Disease Spreading Globally No One Will Discuss: “The Real Risk Is Contagion”:

This article was written by Shaun Bradley and originally published at The Anti-Media.org.

Editor’s Comment: No one knows how much longer they can prop up the system and keep appearances. But one thing that is undeniable is how deep the financial crisis really goes. Nearly every Western nation is much more fragile than it appears on the surface; the exposure to derivatives, and the unsustainable system is headed for disaster – and there is no way to contain, stop or “fix” it.

Unfortunately, the perpetrators who have set us up for a fall are likely to escape in their golden parachutes before the disaster hits, and devastation spreads rapidly deep into the fabric of society. What is now a difficult time can and likely will become a nightmare where jobs are gone, money is inflated and worthless, and the real assets have been swindled. The patchwork solutions of the past financial crisis won’t hold, and the big one is falling upon us all like a ton of bricks. Continue reading »

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Aug 01

Deutsche Bank, Credit Suisse Kicked Out Of Stoxx Europe 50 Index:

What do you do when you are one of the biggest indices in Europe and are unable to rise simply because two of your biggest constituents, if not so much in market cap any more but certainly in terms of systemic importance,  just can’t catch a bid? Why you delete them, of course even if the two names in question happen to be Europe’s two largest banks, Deutsche Bank and Credit Suisse.

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Jul 27

Bilderberg &  Rothschild puppet Josef Ackermann …

Josef Ackermannjosef-ackermann

… did a fabulous job in destroying Deutsche.


Deutsche Bank Profit Plunges 98% And The Worst Is Yet To Come:

Never has Germany’s lending giant Deutsche Bank looked this miserable, and according to its latest earnings release, the pain is set to get even worse.

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Josef Ackermann Bilderberg 2010 in Sitges

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Jul 20

Deutsche Bank-2

Deutsche Bank to close almost 200 branches:

The closures are set to take place over the next few months , with 188 of Deutsche Bank’s 723 branches nationwide due to close their doors.

On Sunday, Deutsche Bank published a list of the affected branches.

North Rhine-Westphalia is to be hit hardest, with 51 branches in Germany’s most populous state listed for the chopping board. In Bavaria eleven will close, eight of which are in Munich. Continue reading »

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Jul 18

Deutsche Bank Loves Helicopter Money: Why “Big Inflation Is Coming… But Will First Require A Crisis”:

Helicopter policies are not advocated in ‘a normal world’. They are however almost inevitable in the next recession. “Japan will be the flag bearer of fiscal stimulus.” Which will be sufficient to breath some inflationary spirit into the system. “But this is all febrile and can get over-turned by the slightest change in wind direction,” he said, tentative. “This will be the little inflation before the big helicopter-driven inflation.” But that will first require a crisis.

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Jul 16

FYI.


War Is Coming And The Global Financial Situation Is A Lot Worse Than You May Think:

On the surface, things seem pretty quiet in mid-July 2016.  The biggest news stories are about the speculation surrounding Donald Trump’s choice of running mate, the stock market in the U.S. keeps setting new all-time record highs, and the media seems completely obsessed with Taylor Swift’s love life.  But underneath the surface, it is a very different story.  As you will see below, the conditions for a “perfect storm” are coming together very rapidly, and the rest of 2016 promises to be much more chaotic than what we have seen so far.

Let’s start with China.  On Tuesday, an international tribunal in the Hague ruled against China’s territorial claims in the South China Sea.  The Chinese government announced ahead of time that they do not recognize the jurisdiction of the tribunal, and they have absolutely no intention of abiding by the ruling.  In fact, China is becoming even more defiant in the aftermath of this ruling.  We aren’t hearing much about it in the U.S. media, but according to international news reports Chinese president Xi Jinping has ordered the People’s Liberation Army “to prepare for combat” with the United States if the Obama administration presses China to abandon the islands that they are currently occupying in the South China Sea… Continue reading »

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Jul 10

deutsche-bank-lehman


Deutsche

Deutsche Bank’s Chief Economist Calls For €150 Billion Bailout Of European Banks:

The cards have been tipped, and it appears Italy’s Prime Minister may have been right.

In the aftermath of Brexit, much of the investing public’s attention has turned to Italian banks which are in desperate need of a bailout as a result of €360 billion in bad loans growing worse by the day (and not a bail-in, as European regulations mandate, as that would lead to an immediate bank run) to avoid a freeze and/or collapse of Italy’s banking sector. This has pushed stock prices – and default risk – on Italian banks to record levels. So far Italy’s bailout requests have mostly fallen on deaf ears, as Germany’s political leaders have resisted Renzi’s recurring pleas for a taxpayer funded rescue. However, as we have alleged, and as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank. Continue reading »

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Jul 10

Charting The Epic Collapse Of The World’s Most Systemically Dangerous Bank

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Jul 07

Meanwhile, European Bank Default Risk Is Spiking:

“It’s probably nothing…”

The headline-maker in Italy is Monte Paschi which has seen CDS soar post the regulatory ban on short-selling stock. At over 1700bps, this implies a 67% chance of default… crushing the hopes and dreams of 100s of thousands of mommas and poppas and Renzi’s dream of reelection…

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As Bloomberg adds, Banca Monte dei Paschi di Siena’s subordinated bonds fell to a five-month low amid reports that Italy and the European Commission are in deadlock over how to boost the country’s broken banking system. Continue reading »

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Jul 07

Here is the Bilderberg Rothschild puppet that destroyed Deutsche Bank:

Bilderberg Josef AckermannJosef Ackermann

Related info:

A Furious Italian Prime Minister Slams Deutsche Bank As Europe’s Most Insolvent Bank

Deutsche Bank Derivative Implosion have been confirmed by the pending sale of $1.1 TRILLION in derivatives to 3 US big banks (Videos)

Deutsche Bank: $75 Trillion In Derivatives (20 Times Greater Than German GDP) – Technically Insolvent – Share Price Now Lower Than Financial Crisis Low (Video)

The Elephant In The Room: Deutsche Bank’s $75 TRILLION In Derivatives Is 20 Times Greater Than German GDP


Gundlach: “When Deutsche Bank Goes To Single Digits People Will Start To Panic”:

Following today’s Fed minutes release, Jeff Gundlach had a far less “uncertain” message: “Things are shaky and feeling dangerous,” Gundlach told Reuters in a telephone interview.

It’s not just stocks that Gundlach was not too excited about, he also had some choice words about buying Treasuries here. “You’re seeing people who hated the ‘2 percent’ 10-year suddenly loving it at a 1.38-1.39 percent revisit of the all-time low closing yield,” Gundlach said. “If you buy 10-year Treasuries now, I would say, it is a terrible trade location. In fact, it is the worst trade location in the history of the 10-year Treasury.” Continue reading »

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Jul 06

A Furious Italian Prime Minister Slams Deutsche Bank As Europe’s Most Insolvent Bank:

Several years ago, we were the first to point out the true “elephant in the room”, namely Deutsche Bank’s $75 trillion in derivatives which as we said at the time was about 20 times bigger than Germany’s GDP, and 5 times bigger than the entire economic output of the Eurozone.”

DB Derivs in context_0

This was largely ignored by the “experts” because why bring attention to something which is fundamentally a devastating break in the narrative that “Europe is fine” and the financial crisis is now contained.

Fast forward to today when Europe is once again not fine, only this time one can’t blame Europe’s problems on Greece (instead the same “experts” are trying to blame everything in Brexit), when in a surprising admission of reality, none other than Italy’s prime minister Matteo Renzi, “went there” and slammed Deutsche Bank as the true “derivative problem” facing Europe.

Continue reading »

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Jun 30

deutsche-bank-lehman

World’s Most Systemically Dangerous Bank Crashes Back To Record Lows:

Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed’s stress test for the second year running and been diagnosed by The IMF as the world’s most systemically dangerous financial entity, the giant Germanbank is getting slammed down almost 4% today, back near record lows as its ‘Lehman-esque’ path to devastation continues.

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Jun 30

FYI.


Deutschedeutsche-bank-lehman

“Deutsche Bank Poses The Greatest Risk To The Global Financial System”: IMF:

Over three years ago we wrote “At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World” in which we introduced a bank few until then had imagined was the riskiest in the world.

As we explained then “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. The amount in question? €55,605,039,000,000. Which, converted into USD at the current EURUSD exchange rate amounts to $72,842,601,090,000….  Or roughly $2 trillion more than JPMorgan’s.” Continue reading »

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Jun 15

10Y bund DB

Deutsche Bank: “If One Wanted A Simple Indicator Of A Broken Financial System, Then This Is It”:

If there is one bank that is more concerned than any other about global central bank unorthodoxy, it is Deutsche Bank which as we reported yesterday, saw its stock price drop to a record low yesterday. As such it is not surprising that in his overnight note, DB’s Jim Reid focuses on the “broken financial system” and highlights the one indicator that confirms just how broken the system is: the Bund Yield.

This is what he said: Continue reading »

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