BONDAPOCALYPS NOW! Deutsche Bank Plunges On Latest Debt Trading Revenue Warning

Deutsche Bank Plunges On Latest Debt Trading Revenue Warning
25 September 2013, by Tyler Durden (Zero Hedge)


First it was Jefferies. Then Citi. Now it's Deutsche Bank's turn:

- JAIN EXPECTS 3Q DEBT TRADING REV. TO DECLINE `SIGNIFICANTLY'
- JAIN SAYS CB&S AFFECTED BY MARKET ENVIRONMENT
- JAIN SAYS 3Q TRADING RESULTS DIDN'T BENEFIT FROM CATALYST
- JAIN EXPECTS TO TAKE ADDITIONAL LITIGATION RESERVES

Stock promptly plunges because nobody could have possible foreseen this...



Shortly, everyone else. Which is funny, because a week ago we asked:

Just how, if at all, are banks hedged or providioned for an increase in volatility and/or rates from these levels,

if a mere 4% blimp in equity markets caused Jefferies to nearly write-down it entire bond-trading revenue for the quarter?

We now know: not at all.

We also said: "And now that Jefferies is in the record books, just how bad with bond trading results for the rest of the big banks be? (See Article above)

We should know in about 4 weeks."

Answer: very bad.

 Check out the member blogs, videos, and discussions http://12160.info/;