Dec 03

Gold fixing photo


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: Continue reading »

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Dec 02

Trump-Satanic-Hand-SignTrump-Clinton

Related info:

Former Goldman Partner And Soros Employee Steve Mnuchin And Billionaire Wilbur Ross Confirm Elite Puppet Trump Nominations On CNBC

Hillary Clinton & Donald Trump Are Both Elite Puppets, Serving The Same Masters


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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. Continue reading »

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Nov 23

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.  Continue reading »

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Nov 02

The Global Financial System Is Here - CollapseDeutsche

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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Nov 02

Don’t Look Now But The Most Systemically Dangerous Bank In The World Is Tumbling Again

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Nov 01

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.”


01.11.2016

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Oct 28

Moody’s Warns Deutsche Bank Is Dangerously Close To Falling Below Its “Default Point”

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Oct 27

deutsche bank

Bank Jog: Deutsche Bank’s Demand Deposits Tumble By 13% In Q3:

In an under reported but troubling development, Deutsche Bank said that its most liquid, “sight deposit” category, plunged by a whopping 13% from Q2 to Q3, sliding from €156.2 billion to €135.9 billion as of Sept. 30. Is this the start of the infamous “bank jog”?

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Oct 26

deutsche bank

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. Continue reading »

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Oct 25

deutsche bank

Deutsche Bank Considering Alternatives To Paying Cash Bonus:

It has been at least a few weeks since Deutsche Bank appeared in the flashing red breaking news sections of newswires, with news that was – mostly – negative. And while the stock has since rebounded materially, wiping out all losses since the DOJ’s $14 billion RMBS settlement leak, it appears that not everything is back to normal for the largest German lender. Because in what may be the worst news yet for DB’s employees, moments ago Bloomberg reported that the German Bank is exploring “alternatives to paying bonuses in cash” as Chief Executive Officer John Cryan seeks to boost capital buffers. Continue reading »

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Oct 17

deutsche bank

Deutsche Bank Pays $38 Million To Settle Silver Manipulation Lawsuit:

The scandal-plagued Deutsche Bank agreed on Friday afternoon to pay $38 million to settle US litigation over allegations it illegally conspired with other banks to manipulated and fix silver prices at the expense of investors. A lawyer for the investors said the deal provides “substantial monetary compensation plus cooperation in the continued prosecution of this case against the non-settling defendants.”

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Oct 14

Deutsche Bank To Fire Another 10,000 Bankers, Bringing Total Layoffs To 20% Of Workforce:

The hits for Deutsche Bank just keep on coming. One day after a report that the German lender has imposed a hiring freeze in the latest bid to reassure investors that it has expenses under control and is stemming the outflow of cash, moments ago Reuters reported that Deutsche Bank’s finance chief told his staff that job cuts at the bank could be double that planned, a step that could remove 10,000 further employees.

Such cuts would likely take many years but setting such a goal could reassure investors that the bank is determined to tackle costs that sources said the European Central Bank sees as bloated. Unless, of course, they are forced to cut much faster. If 10,000 job losses were ultimately to follow the 9,000 announced by management in October 2015, roughly one in five of the bank’s workforce around the globe would be affected. Continue reading »

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Oct 13

Must-see for my German speaking readers.


Oct 10, 2016

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Oct 13

Deutsche Bank Sells Another $1.5 Billion In Debt At Junk Bond Terms

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Oct 11

Deutsche Bank Stock Slides As Short-Term Funding Cost Rises:

As the powers-that-be play whack-a-mole with various systemic risk indicators, desperately tamping down contagion concerns, amid no progress in strengthening the world’s most systemically dangerous bank; we warned two weeks ago of yet another canary in the coalmine of Deutsche Bank’s demise (that no one was looking at). This week, that canary… died.

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Oct 10

deutsche bank

Deutsche Bank bankruptcy would collapse world financial system – Jim Rogers:

The main reason the US government wants $14 billion in penalties from the German bank is that it is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can, Jim Rogers, financial commentator and investor, told RT.

Germany’s Deutsche Bank reportedly failed to reach an agreement with the US on settling a massive fine. The bank is facing a $14 billion fine penalty from the US Justice Department for mis-selling mortgage securities in the run-up to the 2008 financial crisis.

RT: Firstly just to make it clear why has the US imposed such an enormous penalty?

Jim Rogers: The main reason is that the US government is deep in debt. They’ve got a gigantic deficit – they are desperate for money. They’ll try to get it anywhere they can. I can’t imagine that Deutsche Bank should be liable for $14 billion, but I’m not involved. Continue reading »

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Oct 09

Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’ With DOJ: Bild:

Following the seemingly endless procession of short-squeeze-fueling trial balloons last week – from settlement rumors to German blue-chip bailouts to Qatari investorsGermany’s Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department.

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Oct 07

Rumor Of Qatar Investment In Deutsche Bank Denied; Speculation Of A $1.2 Billion Margin Call Remains

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Oct 06

Deutsche is way “Tooooooo Big To Save”, thanks to former CEO, Rothschild puppet & Bilderberg Josef Ackermann.

josef-ackermann

The next several days up to Oct. 12 (Yom Kippur) have a high probability for something “big” to happen.

Prepare for (an epic) collapse.


German CEOs Said To Offer “Single-Digit Billions” Capital Injection To Deutsche Bank:

The chief executives of several German blue-chip DAX-listed companies have discussed the state of Deutsche Bank and are even prepared to offer a capital injection if needed to rescue Germany’s largest bank from a potentially crippling penalty in the United States, according to information obtained by Handelsblatt.

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Oct 06

The next several days up to Oct. 12 (Yom Kippur) have a very high probability for something “big” to happen.

Prepare for (an epic) collapse.


Deutsche Bank Dumped On Heavy Volume As German Government Denies Talks With US DOJ:

In addition to 100s more job cuts, Deutsche Bank stock is tumbling on the back of Bloomberg reports that the German government isn’t in talks with the U.S. Department of Justice over Deutsche Bank.

  • There are no talks taking place with the DoJ, German government official says on customary condition of anonymity
  • German government has always made clear that this is about talks between the U.S. authorities and Deutsche Bank: official

And the reaction is a heavy volume dump…

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Oct 06

deutsche bank

The Latest Deutsche Bank Scandal Reeks On Enron: 103 “Enhanced Repo” Deals To Make Loans “Disappear”:

Nearly four years after it was first revealed that Deutsche Bank had engaged in various shady deals at the height of the financial crisis designed to mask Monte Paschi’s financial woes, on October 1 Italy finally charged the German lender and 6 of its current and former managers, including the infamous Michele Faissola (much more on him soon), Michele Foresti and Ivor Dunbar, for colluding to falsify the accounts of Italy’s third-biggest bank, Monte Paschi, and manipulate the market. Two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena were also charged.

As Bloomberg reported, prosecutors have been reconstructing how Monte Paschi’s former managers misrepresented the lender’s finances in the years through the two deals signed with Deutsche Bank in 2008 and Nomura in 2009.  The investigation revealed Monte Paschi arranged the transactions to hide billions in losses that led to false accounting between 2008 and 2012, according to a prosecutors’ statement released Jan. 14, when they completed the investigation. Continue reading »

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Oct 05

“It Cannot Be Allowed To Fail”: Germany Pursuing “Discrete Talks” With The US Over Deutsche Bank:

So much for last week’s rumor of an imminent reduction in the DOJ $14 billion settlement, which sent the price of DB soaring, and propelled the global stock market higher.

Moments ago, Reuters reported that the German government is pursuing “discreet talks” with U.S. authorities to help Deutsche Bank secure a swift settlement over the sale of toxic mortgage bonds.

German officials have, until now, played down their role in the standoff, saying it is up to Deutsche to work out a deal with the DOJ, which is demanding $14 billion to settle RMBS misselling claims. But now it has been confirmed that Berlin government officials are hoping to “facilitate a quick deal that would buy Deutsche Bank time to regain its footing.” Continue reading »

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Oct 03

FYI.


German Politicians Accuse US Of “Economic War” Against Deutsche Bank:

The German parliament’s economics committee chairman Peter Ramsauer, in an interview with Welt am Sonntag, said the move against Deutsche “has the characteristics of an economic war”, adding that the US had a “long tradition” of using every available opportunity to wage what amounted to trade war “if it benefits their own economy”, and the “extortionate damages claims” being made in the case of Deutsche Bank were an example of that.

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Oct 02

Some Deutsche Bank Clients Unable To Access Cash Due To “IT Outage”:

Deutsche Bank suffered a further blow to its image over the weekend with a third alleged “IT outage” in the space of a few months on Saturday, that prevented some customers getting access to their money for a short time: “Customers can not access their cash because it is blocked”, a customer complained to Germany’s Handelsblatt.

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H/t reader squodgy.

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Oct 01

Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts

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Sep 30

deutsche bank

This Is How Much Liquidity Deutsche Bank Has At This Moment, And What Happens Next:

It is not solvency, or the lack of capital – a vague, synthetic, and usually quite arbitrary concept, determined by regulators – that kills a bank; it is – as Dick Fuld will tell anyone who bothers to listen – the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.

It is also liquidity, or rather concerns about it, that sent Deutsche Bank stock crashing to new all time lows earlier today: after all, the investing world already knew for nearly two weeks that its capitalization is insufficient. As we reported earlier this week, it was a report by Citigroup, among many other, that found how badly undercapitalized the German lender is, noting that DB’s “leverage ratio, at 3.4%, looks even worse relative to the 4.5% company target by 2018” and calculated that while he only models €2.9bn in litigation charges over 2H16-2017 – far less than the $14 billion settlement figure proposed by the DOJ – and includes a successful disposal of a 70% stake in Postbank at end-2017 for 0.4x book he still only reaches a CET 1 ratio of 11.6% by end-2018, meaning the bank would have a Tier 1 capital €3bn shortfall to the company target of 12.5%, and a leverage ratio of 3.9%, resulting in an €8bn shortfall to the target of 4.5%. Continue reading »

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Sep 30

Deutsche

Deutsche Bank CEO Writes Memo To Employees, Blames “Speculators”, Confirms Liquidity Flight:

Instead of doing what many have correctly suggested he should be doing, namely focusing on ways to raise more capital for the undercapitalized Deutsche Bank in order to stem the slow (at first) liquidity leak, first thing this morning CEO John Cryan issued another morale-boosting note to employees of Deustche Bank who have been watching their stock price crash to another record low, dipping under €10 in early trading for the first time ever. In the memo the embattled CEO worryingly did what Dick Fuld and other chief executives did when they felt the situation slipping out of control, namely blaming evil “rumor-spreading” shorts, saying “our bank has become subject to speculation. Ongoing rumours are causing significant swings in our stock price. … Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust.

Just as important, Cryan confirms the Bloomberg report that “a few of our hedge fund clients have reduced some activities with us. That is causing unjustified concerns.” As we explained last night, the concerns are very much justified if they spread to the biggest risk-factor for the German bank: its depositors, which collectively hold over €550 billion in liquidity-providing instruments. Continue reading »

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Sep 30

I’m in Awe of How Fast Deutsche Bank is Falling Apart:

Counterparties lose confidence, withdraw cash.

Deutsche Bank, with $2 trillion in assets, amounting to 58% of Germany’s GDP, one of the most globally interwoven banks, with gross notional derivatives exposure of €46 trillion, right at the top along with JP Morgan (booked as €41 billion in derivative trading assets after netting and collateral) – this creature of risk and malfeasance, is finally starting to scare its counterparties.

This is how Lehman came unglued. Slowly and then all of a sudden.

Bloomberg News today: Continue reading »

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Sep 28

For your entertainment.


Turkey Contemplates Buying Deutsche Bank:

In what is surely the most stealthy version of Wednesday humor we have ever posted, Bloomberg reports that according to Yigit Bulut, chief adviser to Turkish President Recep Erdogan, Turkey should considerusing a new wealth fund or a group of state-owned banks to buy” the embattled Deutsche Bank. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank.

“For months on TV programs, I’ve been calling on Turkey’s private and public capital: ‘Some very good companies in the EU are going to fall into trouble and we need to be ready to buy a controlling stake in them,’” Bulut wrote on Twitter. “Wouldn’t you be happy to make Germany’s biggest bank into a Turkish bank!!” the advisor said, cited by Bloomberg. Continue reading »

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Sep 28

20160927_db5


Deutsche CEO Goes Full ‘Dick Fuld’: Bailout “Out Of The Question” Sees “Few Risks… Comfortable Liquidity”

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