Imminent collapse of Deutsche bank ?

padington

http://www.hangthebankers.com/deutsche-bank-collapse-germany/

Generali

Look at the evidence provided in the article and there is nothing concrete at all.

Lest we forget, the price of Deutsche Bank ADRs (I assume that is what the author uses as he states the price in USD) is not a vote on the current viability of the bank, certainly not at $29. Maybe at ~$0 but not at current valuations.

FWIW, the market cap of Deutsche is currently EUR33,000,000,000 or thereabouts.

cells

only recent change over the last few days is the car makers who could be heavily fined in the USA for breaking pollution laws. Something like $35k a car fine. Each million cars would be $35 billion fine

They spanked BP for billions for deepwater maybe its time for the automakers.

padington

cells wrote: »

only recent change over the last few days is the car makers who could be heavily fined in the USA for breaking pollution laws. Something like $35k a car fine. Each million cars would be $35 billion fine

They spanked BP for billions for deepwater maybe its time for the automakers.

With rumour abound that BMW could be involved too it's going to be costly. BP ultimately involved dead fish. This thing involves effectively LOADS of dead people. It's not far from corporate murder. If I tweaked my factory setting to pump poisonous gases into my village for years knowingly some people will die quicker than they should, the judge isn't going to be kind.

http://www.theguardian.com/business/2015/sep/24/vw-scandal-uk-to-rerun-emissions-tests