Deutsche Bank toxic derivative losses

AG47

There should be no doubt that Deutsche Bank is the Sacrificial Lamb for the Good Guys to take down the entire system. The world's largest derivative holder, the holder of the trigger for the "Weapon of Mass Financial Destruction, is under attack from all sides - officialdom and non-officialdom.

This was from last week...

Is This Why Deutsche Bank Is Crashing (Again)?
http://www.zerohedge.com/news/2016-09-20/why-deutsche-bank-crashing-again

Deutsche's dead-bank-bounce is over. The last few days have seen shares of the 'most systemically dangerous bank in the world' plunge almost 20%, back to record lows as the DoJ fine demands reawoken reality that the €42 trillion-dollar-derivative-book bank is severely under-capitalized no matter how you spin asset values.

Is Deutsche Bank cooking its derivatives book to hide huge losses...

Deutsche Bank's notional derivatives book had huge swings in notional value between its year-end 2014 report and its "passion to perform" year-end 2015 report.

Deutsche Bank did not list the notional value of its derivatives book in its 2016 Quarterly Report.

The bank would like us to take it on faith, that the positive value of its derivatives book is €615 billion while the net positive value of its book is around around €18 billion.

There's just one little problem: the market believes something is wrong. What is it? Derivatives or something else?

END

And this is from this weekend...

Merkel Rules Out Assistance for Deutsche Bank



END

And this is from today...

A Crashing Deutsche Bank Scrambles To Assure Markets That It's Fine
http://www.zerohedge.com/news/2016-09-26/crashing-deutsche-bank-scrambles-assure-markets-it-fine

With Deutsche Bank stock plunging to fresh all time lows in early trading after Merkel reportedly ruled out state aid the embattled German lender, the bank found itself in the unenviable position of once again having to defend its balance sheet to avoid further stock price declines, especially as doubts mounted if the German government response was due to a pre-emptive request for aid. DB quickly tried to squash such speculation when a bank spokesman said that "CEO John Cryan at no point asked the German Chancellor for the government to intervene in the U.S. Justice Department's mortgages case."

He added that Deutsche Bank will solve its problems without relying on help from Berlin, Germany's flagship lender said on Monday.

The market remains unconvinced: shares in Germany's biggest bank hit a record low of 10.62 euros on Monday...

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So with all this going on I hope it is crystal clear that there is a behind the scenes plan to crash the system and trigger the long awaited Global Monetary Meltdown. Friday is the end of the 3rd quarter and many derivative trigger points will kick in on that day.

And I'm still waiting for the Mother of All Forced Stock dumps to happen THIS WEEK as Standard & Poor's downgrades Deutsche Bank to Junk Status FORCING pension funds to sell the stock all at the same time.

Look out below!!!

9/24/2016 Update: More Nails in the Deutsche Bank Coffin

Deutsche Bank is the "Too Big To Fail" that is being offered up like a lamb to the slaughter.

On Friday a US Judge did not give the traditional stamp of approval to the CFTC's settlement over DB's swap reporting scam. The judge said the settlement was "bereft" of any details showing it was fair, reasonable, adequate and in the public interest.

Deutsche Bank Slips as Judge Wants CFTC to Justify Settlement
http://www.kentuckypostnews.com/deutsche-bank-slips-as-judge-wants-cftc-to-justify-settlement-with-bank-nysedb/185868/

Hmm. Do you see a change in the tide here? First the US Justice Dept dropping a $14B settlement offer on them and now they are not letting DB pay their way out of a fraud case.

And then today Germany's hench-woman, Angela Merkel, ruled out any state bailout for Deutsche Bank...

Merkel Rules out Bailout for Deutsche Bank
http://www.zerohedge.com/news/2016-09-24/merkel-rules-out-bailout-deutsche-bank-depositor-bail-coming

Yes, this is happening at the worst possible time for Deutsche Bank as all S&P needed was the removal of the State Sponsorship to unleash their downgrade.

Expect to see DB downgraded before Friday thus crashing their stock price and triggering the COCO Bond conversion at the end of the 3rd quarter.

AG47

How can the ratings agencies still not downgrade them, they are losing any credibility they had left

AG47

DB just took another nose dive and still no downgrade

The-Joker

Deutsche Bank Rebuffs U.S. Over $14 Billion Mortgage Settlement
http://www.bloomberg.com/news/articles/2016-09-15/deutsche-bank-asked-to-pay-14-billion-in-u-s-probe-wsj-says

Deutsche Bank AG said it won't pay the $14 billion sought by the U.S. Justice Department to settle an investigation into the firm's sale of residential mortgage-backed securities, a figure that's more than triple what some analysts estimated could be a potential worst-case.

"Deutsche Bank has no intent to settle these potential civil claims anywhere near the number cited," the company said in a statement early Friday in Frankfurt. "The negotiations are only just beginning. The bank expects that they will lead to an outcome similar to those of peer banks which have settled at materially lower amounts."

Germany's largest lender confirmed that it had started negotiations with the Justice Department to settle civil claims the U.S. may consider over the bank's issuing and underwriting of residential mortgage-backed securities from 2005 to 2007. The $14 billion is considered an "opening bid" that could go "much lower," according to the Wall Street Journal, which reported the figure shortly before Deutsche Bank issued its statement.

END

Ok. So DB is now at war with the US market manipulation machine.

Thrugelmir

The-Joker wrote: »

Ok. So DB is now at war with the US market manipulation machine.

With an unaffordable £14 bn at stake. Delaying tactics are key.

Raised $1.2 billion already.

Deutsche Bank Sells Abbey Life Unit to Phoenix for $1.2 Billion

http://www.wsj.com/articles/deutsche-bank-sells-abbey-life-unit-to-phoenix-for-1-2-billion-1475054496

Going to struggle to remain a large player. Every sale reduces profitability further.

AG47

I hear DB finally being talked about on the BBC, but they tried to play it down, not too big a deal, don't look too close.

This is one of the largest stories in the fi ancial world, they can't keep people's attention away much longer.

AG47

Thrugelmir wrote: »

With an unaffordable £14 bn at stake. Delaying tactics are key.

Raised $1.2 billion already.



http://www.wsj.com/articles/deutsche-bank-sells-abbey-life-unit-to-phoenix-for-1-2-billion-1475054496

Going to struggle to remain a large player. Every sale reduces profitability further.

Ha struggle to remain a large player:rotfl: what about not collapsing

Conrad

AG47 wrote: »

I hear DB finally being talked about on the BBC, but they tried to play it down, not too big a deal, don't look too close.

This is one of the largest stories in the fi ancial world, they can't keep people's attention away much longer.

To be fair even some very hawkish types such as John Redwood say the ECB is standing behind Deutsche Bank and so there is not too much to worry about??

Mortgagefreeman

Not looking good!

http://www.bloomberg.com/news/articles/2016-09-28/why-people-have-been-worrying-about-deutsche-bank-in-12-charts

Thrugelmir

Conrad wrote: »

To be fair even some very hawkish types such as John Redwood say the ECB is standing behind Deutsche Bank and so there is not too much to worry about??

I think that some other EU member states will have something to say about that. Given the treatment that Merkel herself dished out when their were in trouble.

Commerzbank Germany's second largest bank isn't particularly financially healthy either. Further 9,000 job cuts announced yesterday.

Seems as if the shine is coming off the German economy. In that VW's problems are no where near finished.