Showing posts with label DB. Show all posts
Showing posts with label DB. Show all posts

2019-03-19

Deutsche Bank $DB & Commerzbank In Merger Talks (video)

Deutsche Bank & Commerzbank In Merger Talks

Deutsche Bank and Commerzbank are the largest banks in Germany. Seeing as size and strength are crucial in international banking, the two banks in talks now to join forces to become one large financial entity. The goal is to keep up with international competition. The German government also supports the move. DW News video above published Mar 18, 2019.

NYSE: DB
Nobody likes Deutsche-Commerzbank deal: head of German investment body

Stefan Mueller, CEO and founder of the German Institute for Asset Allocation, discusses the pitfalls of a Deutsche Bank-Commerzbank merger. CNBC International TV video above published Mar 18, 2019.
feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , ,

2016-10-03

Deutsche Bank $DB $DBK In Serious Trouble, Woes in 5 Charts (videos)

Deutsche Banks woes in 5 charts:

Deutsche Bank is in serious trouble, with some hedge funds pulling business and the US Department of Justice seeking $14 billion to settle its probe on mortgage securities. Why are people so worried about the bank’s fate? FT.com's Martin Arnold explains in five charts. Published Sep 30, 2016

What Do Deutsche Bank Clients, Investors Fear?

As Deutsche Bank shares fell to a record low last week, concerns grew about the bank's mounting legal costs. Bloomberg's Michael Moore examines the bank's challenges on "Bloomberg Surveillance" September 30, 2016.

See also: Crisis of Globalization Lies Behind Deutsche Bank’s Troubles | WSJ.com: "Investors doubt the bank can earn an economic return on its equity ..."

 Domain: db.com
Stock exchange: symbol | FWB:DBK | NYSE: DB


feedback & comments via twitter @DomainMondo


DISCLAIMER
Labels: , , , , , , , , , ,

2016-07-06

Deutsche Bank $DB $DBK, Italian Banks, Approaching a 'Lehman Moment'?

Top: Deutsche Bank (NYSE: DB) shares are down 25% since the Brexit vote on June 23, 2016.
Bottom: Deutsche Bank (NYSE: DB) shares are down 92% since May 11, 2007. Source: google.com
Background: "Deutsche Bank was one of the major drivers of the collateralized debt obligation (CDO) market during the housing credit bubble from 2004 to 2008, creating ~$32,000,000,000 worth. The 2011 US Senate Permanent Select Committee on Investigations report on Wall Street and the Financial Crisis analyzed Deutsche Bank as a 'case study' of investment banking involvement in the mortgage bubble, CDO market, credit crunch, and recession. It concluded that even as the market was collapsing in 2007, and its top global CDO trader was deriding the CDO market and betting against some of the mortgage bonds in its CDOs, Deutsche bank continued to churn out bad CDO products to investors."--Deutsche Bank | Wikipedia.com (emphasis added)


Deutsche Bank AG | Domain name: db.com | Shares traded on: FRA: DBK and NYSE: DB
  • 23-29 Jun 2016: "... investor George Soros believed the U.K. would vote for Brexit ... and Soros was long the pound as the results were announced. After the vote, though, Soros shorted about $100 million worth of Deutsche Bank shares, targeting Germany's biggest lender as a potential victim of Britain's secession. It was a good bet: Deutsche has tanked since the June 23 vote, falling to the lowest level since Germany's DAX stock index was established in 1988 ..."--Bloomberg.com


  • 29 June 2016--[U.S.] Federal Reserve releases results of Comprehensive Capital Analysis and Review (CCAR)--"The Federal Reserve objected to the capital plans of Deutsche Bank Trust Corporation and Santander Holdings USA, Inc. based on qualitative concerns."
  • 4 July 2016: "... the continuing implosion of major banks over in Europe is the main factor that is driving investors to safe haven assets such as silver. Rumors continue to spread that Deutsche Bank is essentially insolvent at this point, and many are watching for the imminent collapse of the largest and most important bank in Germany. When this happens, it will be a much, much more cataclysmic event for the global financial system than the collapse of Lehman Brothers was back in 2008. But today I want to focus on the ongoing implosion of the major banks in Italy. Italy has the 8th largest economy on the entire planet, and their banks are drowning in approximately 400 billion dollars worth of non-performing debt. The Italian government would like to bail these banks out, but the rest of the EU appears ready to block that effort because it would violate EU rules. As a result, the big Italian banks experienced a bloodbath on Monday…"--washingtonsblog.com (emphasis added)
  • 5 July 2016: European stocks slammed after property fund suspensions | MarketWatch.com: "European stocks moved sharply lower again Tuesday, as concerns over the U.K.’s Brexit vote gripped the market ..."


    • See Brexit Triggers EU Power Struggle between Merkel and Juncker | spiegel.de: "... After Merkel speaks with Juncker on the phone that weekend, her belief that the Commission president is more a part of the problem than a part of the solution doesn't change. The chancellor believes that Juncker's appetite for power is one of the reasons why the British have turned their backs on Europe ..."

     See also on Domain Mondo:

    Caveat Emptor!

    feedback & comments via twitter @DomainMondo


    DISCLAIMER
    Labels: , , , , , , , , , , , , , , , ,

    2016-02-15

    Deutsche Bank, Coco Bonds, Big Trouble Brewing? (videos)



    More gloom for Deutsche Bank? | FT Business - Germany's biggest lender has suffered a continued sell-off in its shares and bonds. Why has Deutsche Bank suffered more than its peers, and what is its chief executive doing to reassure investors? FT.com's financial editor Patrick Jenkins explains in 90 seconds. Published on Feb 9, 2016

    Domain name: db.com

    Deutsche Bank stock down more 50% since July 31, 2015
    Deutsche Bank stock down more 50% since July 31, 2015 (source: google.com)


    Here's What You Need to Know About CoCo Bonds - Video above: "Morning Must Read," Bloomberg’s Tom Keene discusses the function of CoCo bonds in light of concerns at Deutsche Bank with Mohamed El-Erian, chief economic advisor at Allianz and Bloomberg View columnist and Martin Gilbert, chief executive officer at Aberdeen Asset management. They speak on "Bloomberg ‹GO›." (El-Erian is a Bloomberg View columnist. The opinions expressed are his own.) Published Feb 9, 2016

    Stock Exchanges:  Symbols  FWB: DBK and NYSE: DB

    Europe's 'doom-loop' returns as credit markets seize up - Telegraph: 09 Feb 2016 "A string of dire results from banks have set off a firesale on "Cocos", bonds that allow lenders to miss a coupon payment and switch the debt to equity. A Unicredit issue of €1bn of Coco bonds has crashed to 72 cents on the euro. The iTraxx Senior Financial index measuring default risk for bank debt in Europe soared to 137 on Tuesday, from 68 as recently as early December. Mr Guglielmi said the mood is starting to feel like the panic in the summer of 2012 ..."

    Frances Coppola, Feb 10, 2016: "The fundamentals have not changed and the longer-term trend is downwards. I suspect the recovery in Deutsche Bank’s share price will be short-lived ...  It would be hard to see how including bank stocks in QE could avoid accusations of monetary financing of government, in breach of Article 123 of the Lisbon Treaty. And the moral hazard involved in the ECB acting as a backstop for bank stocks doesn’t bear thinking about. However, desperate times need desperate measures. It seems the market wants to believe that the ECB would intervene to prevent financial sector meltdown. “Whatever it takes” still resonates."

    As Deutsche Bank Chief Turns to Legal Woes, Here's What He Faces - Bloomberg Business: "The bank is grappling with matters that many of its global rivals have put behind them -- including U.S. probes into its mortgage-backed securities business and into whether its traders colluded to manipulate currency rates. In a more recent development, the bank is being investigated by U.S. and U.K. authorities over whether its internal controls failed to catch some $10 billion in transactions that may have moved money out of Russia, people familiar with the matter have said. “You’ve seen a lot of the same issues for a lot of banks,” said Elliott Stein, a Bloomberg Intelligence litigation analyst. “The problem is they have so many. These issues are not going away, and the bank is not likely getting a discount for settling a lot at once.”"

    $DB OR Deutsche Bank tweets:


    See also: Bad Results Foreshadow A Gloomy Future For Deutsche Bank - Forbes: "... underlying these exceptional expenses is a sustained revenue fall due to low interest rates. Interest rates are set to fall further, if anything. The prospects for DB’s private & business bank look pretty grim."

     and A tempest of fear | The Economist: "... the malaise of European banking stocks has deeper roots. The fundamental problem is both that there are too many banks in Europe and that many are not profitable enough because they have clung to flawed business models. European investment banks lack the deep domestic capital markets that give their American competitors an edge. Deutsche, for instance, has only just resolved to hack back its investment bank in the face of a less hospitable regulatory environment following the financial crisis..."

     and European Bank Nightmare Far From Over as Fines and Fintech Loom - Bloomberg Business



    DISCLAIMER
    Labels: , , , , , , ,
    Subscribe to: Posts (Atom)

    Domain Mondo archive