Is Deutsche Bank collapsing?

[Neuro]

Deutsche Bank shares plummet to record low as Merkel rules out bailout
https://www.rt.com/business/360612-deutsche-bank-shares-slump/

It reads like they are on the ropes...

The straw breaking the camels back?

[Neuro]

I found this in another thread after posting the above, which is relevant background information.


unless the EU taxpayers comes to the rescue to patch the system for a while, that could very be the first serious domino

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The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend.

On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation.

On September 16, the US Department of Justice Fined Deutsche Bank $14B for mortgage securities fraud leading up to the 2007-2009 global meltdown. Today, German Chancellor Angela Merkel Rules Out Assistance for Deutsche Bank.’

Read more: Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?
Middleton noted Deutsche Bank has over $2.5 trillion in derivatives exposure that needs to be rolled over.
https://mishtalk.com/2016/09/24/merkel-says-no-aid-for-deutsche-bank-depositor-bail-in-coming-up/


Is Deutsch Bank Prepping for an Avalanche of Fraud Charges on its Gold Derivative Products?
http://www.zerohedge.com/news/2016-09-04/it-appears-deutsche-bank-prepping-avalanche-fraud-charges-including-its-gold-derivat

[Glass]

yes its been insolvent since before 2008. Bankruptcy is just the official acknowledgement of the insolvency.

Seems they are getting people prepared. will it be another peoples bailout?

it doesn't have the money to pay the most recent fine. They are hoping to negotiate it down to about $4 - $5 billion (http://www.zerohedge.com/news/2016-09-16/deutsche-bank-shares-tank-after-ceo-rejects-14-billion-doj-settlement).

[Joshua01]

Save your wealth as much as you can by getting out of FRN's and into something that will HOLD value when the fat lady sings

[Neuro]

yes its been insolvent since before 2008. Bankruptcy is just the official acknowledgement of the insolvency.

Seems they are getting people prepared. will it be another peoples bailout?

it doesn't have the money to pay the most recent fine. They are hoping to negotiate it down to about $4 - $5 billion (http://www.zerohedge.com/news/2016-09-16/deutsche-bank-shares-tank-after-ceo-rejects-14-billion-doj-settlement).

Expect all hell to break loose, if DOJ won't talk, enough to cancel the election perhaps!

[keehah]

Bloomberg Oct.8, 2019 (https://www.bloomberg.com/news/articles/2019-10-08/deutsche-bank-plans-about-half-its-18-000-job-cuts-in-germany)

Deutsche Bank AG intends to make about half its planned 18,000 job cuts in Germany as it relies on savings at the retail units to lower costs, according to people familiar with the matter.

The lender employed about 41,700 people in its home market at the end of last year, out of a total of 91,700. Outside Germany, London will also be hit especially hard, partly because of Brexit, while the U.S. may see a lower share of front-office cuts once the bank has exited its equities trading business, the people said, asking not to be identified because talks are ongoing.

______________________________________________

https://en.wikipedia.org/wiki/Family_of_Angela_Merkel

The family of Angela Merkel, the Chancellor of Germany, is of German and Polish descent. Merkel was born Angela Dorothea Kasner on 17 July 1954 in Hamburg. The Kasner name is derived from Jan Kaźmierczak, a Pole from Poznań who lived in the 18th century.

https://www.ancestry.com/name-origin?surname=kasner

Kasner Name Meaning

Variant of German Kastner or respelling of Kassner. Czech: topographic name for someone who lived on a street, from a derivative of German Gasse ‘street’, or possibly from German Kastner. Jewish (Ashkenazic): occupational name for a community treasurer, from German Kastner or alternatively from German Kasse ‘cash(box)’, ‘coffer’ + the agent suffix -ner.
https://www.ancestry.com/name-origin?surname=kazmierczak

Kazmierczak Name Meaning

Polish (Kazmierczak): patronymic from the personal name Kazimierz, a compound of Polish kazic ‘to destroy’ + the Old Slavic element mir ‘peace’, ‘quiet’, ‘esteem’. This was a traditional name of Polish kings in the Middle Ages.