Deutsche Bank toxic derivative losses

AG47

Bloomberg sum it all up here,
Defying gravity

https://www.bloomberg.com/news/articles/2019-06-25/deutsche-bank-s-ritchie-in-fight-to-defy-gravity-as-exit-looms

AG47

DB can only get away with Defying gravity for so long

Gravity may finally be catching up........

https://www.bloomberg.com/news/articles/2019-06-25/deutsche-bank-s-ritchie-in-fight-to-defy-gravity-as-exit-looms

AG47

DB going down will bring down the entire global financial system

This is the definition of a too big to fail bank, if they fail then the entire global system goes down. And DB are a too big to fail bank that are failing

They have the rest of world over a barrel.

https://www.ft.com/content/5f70594e-9463-11e9-b7ea-60e35ef678d2

When you own a few million it’s your problem. When you owe trillions it’s other people’s problem.

A trillion here a trillion there and pretty soon your talking about real money.

AG47

It wasn’t only Deutsche Bank that has been caught for crimes with precious metal price manipulation

The criminals pay a small fine or settlement and the criminal act continues

Another bank has been caught involved in similar crimes

https://www.zerohedge.com/news/2019-06-25/merrill-lynch-caught-criminally-manipulating-precious-metals-market-thousands-times

And yet the crime in progress continues.

AG47

Deutsche Bank staff are bracing themselves for one of the most severe job culls in banking since Lehman Brothers collapsed a decade ago

https://www.ft.com/content/5a0388e2-9f20-11e9-9c06-a4640c9feebb

All the DB cheerleaders won’t have anything to say, there are so many similarities to Lehman bros

cogito

AG47 wrote: »

Deutsche Bank staff are bracing themselves for one of the most severe job culls in banking since Lehman Brothers collapsed a decade ago

https://www.ft.com/content/5a0388e2-9f20-11e9-9c06-a4640c9feebb

All the DB cheerleaders won’t have anything to say, there are so many similarities to Lehman bros

Just for once, you may be right.

https://www.zerohedge.com/news/2019-07-05/expect-lehman-style-scenes-outside-deutsche-bank-offices-monday-mass-firings-begin

AG47

cogito wrote: »

Just for once, you may be right.

https://www.zerohedge.com/news/2019-07-05/expect-lehman-style-scenes-outside-deutsche-bank-offices-monday-mass-firings-begin

There are a lot of people going to be right about the collapse of DB, there wil be Leham scenes just like in the film The big short.

Everybody remembers that scene where all the employees are walking out of the building with their boxes from their desks. That is what it will be like come Monday morning

AG47

DB is so big, it can not fail fact.

If it fails the entire global financial system will fail.

Yet it is failing.

The question I have asked many times is what can be done?

The derivative book is around FIFTY TRILLION, if this unraveled it will spell doom for the entire financial system.

Can anybody answer the question, how can they stop this too big to fail bank taking down the entire global system?

A bail in is not enough,

peter3hg

Until you accept that the $50tn nominal value is not the correct amount to be using to assess the risk, nobody can have a sensible conversation with you about DB.

Notional numbers in derivatives are among financial markets’ most abused statistics. The industry used it to inflate its own importance and size of its market, and was aided by a media looking for sensational figures. It is not a measure of actual market or counterparty credit risk. Most swaps positions are netted off and the real number of affected contracts is much lower, perhaps in the billions.

https://www.ft.com/content/e47d1828-7a0d-11e8-8e67-1e1a0846c475

AG47

peter3hg wrote: »

Until you accept that the $50tn nominal value is not the correct amount to be using to assess the risk, nobody can have a sensible conversation with you about DB.


https://www.ft.com/content/e47d1828-7a0d-11e8-8e67-1e1a0846c475

Again somebody is trying to distract.

Fist of all who said the fifty trillion is the nominal value to asses the risk? FT doesn’t say that.

The facts are the derivative book of DB is around Fifty Trillion, this is an enormous problem. You can twist it and spin anyway you want, it 50 Trillion is a big number,

Why try distract with nonsense

Tomorrow there will be scenes like in the film the big short outside DB and so many employees collect their personal belongings

The DB cheerleaders are quiet of late..........