Deutsche Bank (DB)

[winston]

The world’s most dangerous bank… and the most damning evidence of central-bank failure

by Justin Brill

Source: Stansberry Digest

http://thecrux.com/the-worlds-most-dang ... k-failure/

[winston]

German bank Deutsche Bank continues its struggles… down 50% this year.

[winston]

not vested

The Run Begins: Deutsche Bank Hedge Fund Clients Withdraw Excess Cash

By Tyler Durden

Source: Zero Hedge

http://www.thetradingreport.com/2016/09 ... cess-cash/

[behappyalways]

Deutsche Bank shares open at record lows in Europe
http://www.bbc.com/news/business-37516805

[winston]

not vested

Merkel Says "Nein" to Deutsche Bank Bailout – Here's How to Prepare for What's Next

By KEITH FITZ-GERALD

Deutsche Bank is facing a $14 billion fine at a time when the bank has "litigation reserves" of just €5.5 billion ($6.17 billion).

Deutsche Bank has more than $42 trillion-with-a-T in derivatives on its books. That's nearly 14 times the size of Germany's $3.3 trillion economy, and much more than twice the size of the European Union's $16.3 trillion GDP.

If Deutsche Bank goes, then Italian, Spanish, and French banks go next. Then EU and U.S. banks will go.

Consider buying the ProShares Short Financials ETF (NYSE Arca: SEF), which provides unleveraged exposure to the Dow Jones U.S. Financials Index. It'll appreciate as stocks decline.

I'd recommend staying away from the leveraged alternatives that also short the financial sector, because tracking error could really eat into any potential returns as you wait for the stuff to hit the fan.

Source: Money Map Report

http://moneymorning.com/2016/09/30/merk ... hats-next/

[winston]

not vested

Deutsche lifted by CEO letter, settlement report

Deutsche shares, which hit a record low earlier on Friday, extended their recovery after the AFP news agency said the bank was near to a settlement for $5.4 billion. Deutsche and the German finance ministry declined to comment on the report.

Deutsche had more than 20 million customers and reserves of more than 215 billion euros.

Source: Market Beat

http://www.marketbeat.com/stories.aspx? ... SKCN1200XW

[winston]

not vested

Is this crisis like Lehman Brothers on steroids ?

DB's leverage is 40x versus Lehman's 31x

Source: Daily Crux

http://thecrux.com/is-this-crisis-like- ... -steroids/

[winston]

not vested

The man who called Deutsche’s decline has some gloomy predictions on what’ll happen next

by Matt Clinch

"If that can only come from the state, then that might be a real barrier to external capital thereafter, creating a vicious downward spiral which is why the finance ministry is so keen to downplay rescue stories when in reality it must know that this is extremely possible."

If any risks get out of control, Gambles warns that it could easily spiral and the total exposure could conceivably be beyond Germany's resources.

In which case Deutsche Bank goes, it would take the German economy, the euro zone banking system, the euro zone economy, the Chinese banking system and the global economy with it

If the finance ministry act too late then it could quickly become such an impossible task, that either Germany exits the euro or the euro exits Germany

Source; CNBC

http://finance.yahoo.com/news/man-calle ... 57980.html

[winston]

not vested

Stocks on Death Watch: Deutsche Bank AG (NYSE: DB)

Deutsche Bank is one of the largest commercial and investment banks in the world, with over 1.9 trillion in assets, but it’s in big trouble.

The bank has been under pressure from all sorts of global economic woes, from Brexit to crippling negative interest rates.

But DB’s real coup de grâce is its poorly managed $60 trillion in derivatives contracts. Yes, you read that correctly… $60 trillion.

There’s simply no way that Deutsche Bank can manage that kind of portfolio. And investors have realized this. DB stock is trading at a 30-year low, down nearly 60% from its 52-week high of $30.82 per share. And at $12.23 per share as of Sept. 29, DB is poised to go even lower, according to Lewitt.

To add to the bank’s problems, on Sept. 16, the U.S. Department of Justice said Deutsche must fork over $14 billion for selling fraudulent mortgage-backed securities leading up to the 2008 Financial Crisis. The bank, however, says it will only pay a fine of about $3.4 billion.

Lewitt noted even that amount is concerning: “The growing worry is that Deutsche Bank will have to raise capital to reinforce its dwindling finances,” Lewitt said on Sept. 27. “Some fear another ‘Lehman Brothers moment’ is looming.”

What’s more, German Chancellor Angela Merkel has said that the German government will not bail out Deutsche Bank if it runs out of money.

Germany’s flagship lending institution simply can’t meet its obligations to its customers or investors.

“This means that the bank’s capital structure could crumble, starting with its stock price,” Lewitt said. “I expect DB stock to end the year in the low- to mid-single digits.”

Source: Money Morning

[winston]

Deutsche Bank shares slip again in race to reach U.S. settlement

By Georgina Prodhan, Kathrin Jones and Lawrence Delevingne

Ratings agency Moody's said it would be positive for bondholders if the lender could settle for around $3.1 billion, while a fine as high as $5.7 billion would dent 2016 profitability but not significantly impair the bank's capital position.

Deutsche Chief Executive John Cryan will be in Washington this week for the annual meeting of the IMF, and the Frankfurter Allgemeine Zeitung reported that other executives would join him to try to negotiate a settlement with the U.S. authorities.

Like fellow large European banks also under investigation for mis-selling mortgage-backed securities - Credit Suisse (CSGN.S) and Barclays (BARC.L) - Deutsche will want to get a deal done with the current administration still in power.

The bank has a market capitalisation of only about 15.9 billion euros ($17.9 billion) and would almost certainly have to raise fresh cash to pay the full DOJ demand.

Source: Reuters

http://www.reuters.com/article/us-germa ... ess%201700