Deutsche Bank toxic derivative losses

The-Joker

DB is like the walking dead of banks,

They were bailed out by China to give them a little more time, but the inevitable is inevitable

Thrugelmir

The-Joker wrote: »

DB is like the walking dead of banks,

They were bailed out by China to give them a little more time, but the inevitable is inevitable

Still trading.........;)

MobileSaver

AG47 wrote: »

Deutsche Bank toxic derivative losses. Now they are toast. ... 12x worse than Lehman shock. Unavoidable now

Garethgrew wrote: »

DB's stock price is falling through the floor. ... It is CLEAR as DAY that the game is almost over...and very few of us know it!

Almost a year on and DB share price is up 22% from when AG47 started this thread... As if anyone here didn't know already, the only thing clear as day is not to listen to obvious de-rampers.

MobileSaver wrote: »

clueless conspiracy theory ramper... Glencore's market cap has doubled since that gibberish article was written.

AG47 wrote: »

we are talking about the lest few weeks, spike down and the dead cat bounce after. It's what happens from now on that will be most telling

The-Joker wrote: »

DB is like the walking dead of banks ... the inevitable is inevitable

Yes, very telling, six months on and Glencore coincidentally also up 22% since your post (and up 200% since that gibberish article you quoted was posted!)... what does that tell you about the financial acumen of some of the posters here? "Dead cat bounce!" :rotfl:

Crashy_Time

Thrugelmir wrote: »

Still trading.........;)

China downgraded though....:rotfl:

The-Joker

They are laying off a hell of a lot of staff, they will almost certainly be downgraded to junk soon.

The problem is the 50 trillion in derivatives on their books, we all know that they are too big to fail but they have failed. They are a zombie, still twitching.

They are akin to a chicken still running around after the head has been chopped off

John Crying was the head who just got chopped of....

cogito

It's not 50 trn but it's a lot of money and they haven't managed to find anyone to take it off their hands.

They are going to get rid of another 10000 staff and concentrate on retail banking in Germany. Their share price is down at least three quarters over the past few years and it's turning into a bit of a minnow.

Frankfurt fancies itself as a major financial centre but its cause isn't helped by not having a major global bank in the city.

John_Jones

AG47 wrote: »

DB have now made redundant a third of their work force, and still laying off staff. It will soon be half lost their jobs and buildings being sold. But the debts are still in the trillions, there is no way on earth they can even pay one trillion of it.

The ratings agencies still have not downgraded, and the financial press is not all over this story?????????

This thread being returned to has thrown up some real gems like the above.

Did this poster slink off afterwards, or admit that they just do not understand economics?

Thrugelmir

The-Joker wrote: »

They are laying off a hell of a lot of staff, they will almost certainly be downgraded to junk soon.

If RBS can be turned around (which had a far bigger balance sheet). Then DB will survive albeit in a smaller form. .

John_Jones

Thrugelmir wrote: »

If RBS can be turned around (which had a far bigger balance sheet). Then DB will survive albeit in a smaller form. .

But we were told that they had losses of tens of trillions. Trillions!

The guy who posted that seemed very certain of his facts, too.

westernpromise

John_Jones wrote: »

But we were told that they had losses of tens of trillions. Trillions!

The guy who posted that seemed very certain of his facts, too.

AG47 is a bit of a conspiraloon.BoE policy is all about preventing him from buying a house, bitcoin is an "investment" and you should buy silver because when the apocalypse comes money will be worthless.

He probably buries tins of beans in the garden.