German Politicians Accuse US Of "Economic War" Against Deutsche Bank
When we first heard the news that the US DOJ had slapped Deutsche Bank with a $14 billion settlement on September 15, a number that looked oddly similar to the $14 billion fine the EU slapped on Apple,...
View ArticleFrontrunning: October 3
Donald Trump’s Tax Numbers Sharpen Focus on Treatment of Losses (WSJ)Qatari funds nurse €1bn loss on Deutsche Bank stake (Telegraph)Colombian Voters Reject Peace Deal With FARC Rebels (WSJ)Hungarians...
View ArticleWill the EU Banking Meltdown Trigger a 2008-Type Crash?
On Friday stocks soared on rumors that the US Department of Justice would reduce its $14 billion fine on Deutsche Bank.Turns out the rumor was a fabrication. As the Wall Street Journal noted over the...
View ArticleGBP Gold Rises 1.3% as Sterling Slumps On ‘Hard Brexit’ Concerns, EU...
Sterling gold rose 1.3% today as sterling slumped again after the UK set a March deadline to start their 'Brexit divorce' proceedings from the European Union and on deepening nervousness regarding a...
View ArticleEU, US Stocks Slide After Deustche Bank Default Risk Spikes To Record High On...
Following confirmation over the weekend that the rumors were false of a lower-priced 'deal' with The DOJ somehow saved Deutsche Bank from its potential liquidity crisis; Deutsche Bank assets are...
View ArticleAfter Warning Of "Selling Cascade" On Friday, Gartman Turns Bullish
On Friday, just as the market was rebounding off its lows, helped by a bounce in DB stock price off its all time lows by a now discredited rumor reported first on Twitter and then on the otherwise...
View ArticleDeutsche Disappointment Slams Stocks Despite Oil Spike
Seemed appropriate.. Remember Friday when Deutsche Bank was 'fixed', well it's not! DB Credit risk has never been higher... And while Germany was closed, DB ADRs gave back some gains already... Oh......
View ArticleIs Deutsche Bank Insolvent?
Submitted by Tim Price via SovereignMan.com,This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure...
View ArticleItaly Prepares For "Impact From Hypothetical Worsening" Of Deutsche Bank...
In addition to a banking crisis that nobody wants to really admit is raging (even as German banks are now laying off thousands of workers, ignoring everything else), Germany has another embarrassing...
View ArticleBernie Sanders Comments On Clintons Getting $1 Million From Deutsche Bank
"The business model of the largest banking institutions around the world - from Wells Fargo To Deutsche Bank - is Fraud," exclaimed Bernie Sanders, after being asked whether Hillary Clinton should...
View ArticleTARGET2 Shows Europe's Banking Crisis Is Escalating Again (Fast)
Via GEFIRA.org,Problems of Deutsche Bank, Commerzbank, Monte dei Paschi and other German, Italian and Spanish banks are not the only concern of the European Banking System. Trouble is much deeper than...
View ArticleDeutsche Bank Stock Reopening Bounce Fades As CDS Hit Record Highs
Pent-up exuberance from the long weekend has lifted Deutsche Bank stock in early European trading, but it has also lifted the cost of credit protection as professionals in the credit market appears far...
View ArticleSterling Tumbles To 31 Year Low Pushing The FTSE100 Near All Time High; US...
In another mostly quiet overnight session where the RBA kept rates unchanged at 1.50% as expected, followed however by an unexpected 25 bps rate cut by the RBI, the main event has once again been...
View ArticleBill Blain On Today's "Big Contrarian Trade"
Some interesting thoughts this morning for all those scrambling under the pressure of TINA - and with less than 3 months left in the year, bonus-strapped hedge funds will scramble to find alpha...
View ArticleDeutsche Bank “Is Probably Insolvent”
Deutsche Bank "Is Probably Insolvent" by Tim PriceThis is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the...
View ArticleFrontrunning: October 4
WikiLeaks' Assange signals release of documents before U.S. election (Reuters)Kaine and Pence Look to Assure (and Attack) at Vice-Presidential Debate (BBG)Pound tumbles to 31-year low, Deutsche Bank...
View ArticleUS Equity Markets In Chaos
Seriously...Does this look normal in any way to anyone? No news, no headlines... With Deutsche bank CDS hitting record highs, US equity markets are turmoiling as VIX-stomping efforts to 'maintain...
View ArticleEUR Surges On Report ECB Near Consensus To Taper QE Before Its End
It has been a rollercoaster ride for stocks so far, and just as ES was ramping back to intraday highs, moments ago Bloomberg blasted a headline which surprised market watchers, according to which none...
View ArticleDeutsche Bank Stock Slides On Report Management "Mulling A Capital Raise"
Despite asserting numerous times that everything is awesome, Deutsche Bank is reportedly mulling a bonus freeze and more importantly a capital raise, according to German newsletter PLATOW Online.As...
View ArticleGundlach: "Deutsche Bank Will Be Bailed Out But What About Credit Suisse"
Last Thursday, when Deutsche Bank was flailing ahead of the now confirmed fake report of a reduced settlement with the DOJ, Reuters spoke to Jeff Gundlach about his thoughts regarding the German...
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