Deutsche Bank toxic derivative losses

MobileSaver

AG47 wrote: »

we are talking about the lest few weeks, spike down and the dead cat bounce after.

Oh dear, must try harder... the laughable Glencore article you copy and pasted was written a year ago in October 2015! Glencore has spent all of this year (2016 in case you are not aware) trending up to double its market cap.

Electrum

Funny how the new Deutsche bank bosses are blaming everybody else for the crisis, the former head sheds have all run for the hills and the new people are put in plce as fall guys.

The latest tweets are laughable, blaming the EU for negative interest rates.

“In this era of low interest rates, you need to spread your investments. The biggest risk is to do nothing” #ChristianSewing #zeitwifo

AG47

Moody's are getting all kinds of flack for not downgrading DB yet, how on Earth. An they stil give them bbb?

AG47

The credit ratings agencies still haven't downgraded DB, un frigin believeable

The-Joker

AG47 wrote: »

The credit ratings agencies still haven't downgraded DB, un frigin believeable

Yes its just like the film The Big Short, when all the credoit rating agencies were still giving all the toxic banks triple A ratings.

These credit ratings agencies were never held accountable for the fraud that they were or ARE still involved in.

There is no way Deutcher Bank can still be anything above junk, but they are still according to the criminals

Electrum

Deutcher bank are now turning on even more other banks, they must feel its not fair them going down on their own and they want to take their fellow banksters with them.

We are living in la la land.

Thrugelmir

Electrum wrote: »

We are living in la la land.

Sounds if you are. :):):)

michaels

For some reason are shiny metal friends don't seem to have bumped this thread for a while so I thought I would.

So that usd 14bn fine? Setteld for 7bn (paid over a number of years so reduced cash requirement now)

http://www.bbc.co.uk/news/business-38412816

And that Eur 10 share price? Now over 18 - buying at 10 would have made a fortune.

Dird

The-Joker wrote: »

There is no way Deutcher Bank can still be anything above junk, but they are still according to the criminals

They're having to pay a $3bn fine pretty soon and sounds like they won't struggle to pay it. That Italian bank was struggling to borrow $5bn and would have presumably gone bust without government intervention.

Different kettles of fish. Remove the foil hat

Thrugelmir

Dird wrote: »

They're having to pay a $3bn fine pretty soon and sounds like they won't struggle to pay it.

Fine has been agreed at $7.2 billion.

Barclays is currently in the firing line. RBS is still awaiting it's own turn.