My Geneva fund contact: Deutsche Bank is
officially on suicide watch. DB will be the next ‘Lehman’ moment that
triggers new collapse..
https://twitter.com/maxkeiser/status/360017521753075713
Deutsche Bank Opaque Loans From Brazil to Italy Hide Risk
http://www.bloomberg.com/news/2013-07-11/deutsche-bank-opaque-loans-from-brazil-to-italy-hide-risk.html
Deutsche Bank’s Accounting Raises Questions
….In other words, these ‘secured’ loans are not really secured,
unless one considers what is effectively a short position on the bonds
that were provided as collateral to represent adequate security. In
addition, DB apparently ‘spiced’ the deals up by writing credit default
swaps, exposing it to even more credit risk.
As Bloomberg further reports, this isn’t the first time DB has
obscured its true financial position by means of accounting practices
that are not necessarily illegal, but certainly raise questions about
how to properly evaluate the risks the bank is exposed to.
Meanwhile, the banks that have received the loans in question were
able to continue to report ownership of the bonds DB has sold, allowing
them to misrepresent their own financial health as well…..
….
http://seekingalpha.com/article/1549752-hidden-risks-at-german-banks?source=google_news
Banking insider: Deutsche Bank in danger zone and will go belly up
Deutsche Bank. Big bank. Biggest bank in Germany, and one of the
biggest banks in the Euro Zone… they’re going to go belly up. Watch it.
Watch it, I said it, it’s going to happen.
They are in such a danger zone, they don’t know what to do. Deutsche
Bank’s derivative debt is greater than the global economy. That is one
bank. $72 trillion in derivative exposure. The entire global economy,
all the countries in the world is only $66 trillion GDP.
http://www.examiner.com/article/banking-insider-deutsche-bank-danger-zone-and-will-go-belly-up
JIM WILLIE: BREAKDOWN SIGNALS: CONTAGION LOOMS!
http://news.goldseek.com/GoldenJackass/1373582161.php
WE’RE ALWAYS ON THE VERGE OF ANOTHER FINANCIAL CRISIS: 3 MAJOR BANKS ARE UNDER CONSTANT THREAT OF FAILURE OVERNIGHT, EVERY NIGHT
http://investmentwatchblog.com/were-always-on-the-verge-of-another-financial-crisis-3-major-banks-are-under-constant-threat-of-failure-overnight-every-night/#8C35pszlqpsFPkAS.99
Exclusive: Deutsche Bank ‘horribly undercapitalized’ – U.S. regulator!!!
Moments ago the market jeered the announcement of DB’s 10% equity dilution, promptly followed by cheering its early earnings announcement which
was a “beat” on the topline, despite some weakness in sales and trading
and an increase in bad debt provisions (which at €354MM on total loans of €399.9 BN net
of a tiny €4.863 BN in loan loss allowance will have to go higher. Much
higher). Ironically both events are complete noise in the grand scheme
of things. Because something far more interesting can be found on page
87 of the company’s 2012 financial report.
The thing in question is the company’s self-reported total gross notional derivative exposure.
And while the vast majority of readers may be left with the
impression that JPMorgan’s mindboggling $69.5 trillion in gross notional
derivative exposure as of Q4 2012 may
be the largest in the world, they would be surprised to learn that that
is not the case. In fact, the bank with the single largest derivative
exposure is not located in the US at all, but in the heart of Europe,
and its name, as some may have guessed by now, is Deutsche Bank.
The amount in question? €55,605,039,000,000. Which, converted into USD at the current EURUSD exchange rate amounts to $72,842,601,090,000…. Or roughly $2 trillion more than JPMorgan’s.
http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
….
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