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Deutsche Bank : watch

Lumpy Talbot

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Yep... news reports state Deutsche are to shed 18,000 jobs worldwide and secondly that there will be a radical restructuring. This appears to be a withdrawal from the iBank trading and investment activities it looks like.
 


fat finger

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Further proof that top bankers can only operate in one mode: at all times, regardless of facts, the sun shines out of my arse

"Today we have announced the most fundamental transformation of Deutsche Bank in decades. We are tackling what is necessary to unleash our true potential: our business model, costs, capital and the management team. We are building on our strengths. This is a restart for Deutsche Bank – for the long-term benefit of our clients, employees, investors and society"

- CEO Christian Sewing
 
Last edited:

Watcher2

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Further proof that top bankers can only operate in one mode: at all times the sun shines out of my arse

"Today we have announced the most fundamental transformation of Deutsche Bank in decades. We are tackling what is necessary to unleash our true potential: our business model, costs, capital and the management team. We are building on our strengths. This is a restart for Deutsche Bank – for the long-term benefit of our clients, employees, investors and society"

- CEO Christian Sewing
"Today we have announced the most fundamental transformation of Deutsche Bank in decades. We are tackling what is necessary to unleash our true potential: our business model, costs, capital and the management team. We are building on our strengths. This is a restart for Deutsche Bank – for the long-term benefit of our clients, employees, investors and society"

:ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:
 

cozzy121

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What happens when Deutsche Bank starts to dump equities?
 

cozzy121

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Christ, the truth is even worse


"On the day Deutsche Bank began making thousands of employees redundant, some managing directors at the company’s office in the City of London were being fitted for suits that cost at least £1,200, it has emerged.

Tailors from Fielding & Nicholson, an upmarket tailor, were pictured walking out of the bank’s office with suit bags on Monday. Ian Fielding-Calcutt, the tailor’s founder, and Alex Riley were there to fit suits for senior managers in spite of plans to cut 18,000 jobs worldwide."
 

Lumpy Talbot

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Dude. You can hardly be expected to run a piece of 'change-management' in last season's style. I mean. C'mon.
 

Lumpy Talbot

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What happens when Deutsche Bank starts to dump equities?
Make a nice change from sh*tting money, I suppose. Deutsche in Germany though are a bit of a standard-bearer for the German economy in the same way that BMW and Volkswagen are economic standard-bearers in the manufacturing sector.

Bit like UBS in Switzerland the shareholders at home can get a bit narrow eyed at frivolous endeavours such as the mental levels of derivatives the bank was doing abroad ... 'off-regulatory' trading but very definitely on-balance-sheet when it comes to unwindng it all.

I think Deutsche and other German banks are only still around now because of an accountancy trick where banks can state their exposure to monstrous trading outside the system is minimal because of a quirk in German company law. Essentially German banks such as Deutsche were under-reporting losses on a massive scale.

There was a huge cloud of orphaned worthless derivatives attributable to German banks, hanging over the North Sea, and there has been no satisfactory explanation for where that large cloud went. It rained somewhere, and that's for sure. Probably in German taxpayers' pockets.
 

Prester Jim

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Donald Trump must be really sh****** himself now.
Because they might call in his loans? Very good podcast from NYT recently about why DB have been very keen on getting their money back from Trump and were prevented from doing so up to a certain point because of the potential backlash from MAGA eejits when a German bank takes away all of Trump's (a sitting POTUS) property.
 

Lumpy Talbot

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It is okay to imply that US Presidents can be in hock to an interest other than patriotism.

After all, they are selling their arses to party donors from the Primaries right up to inauguration.
 

Lumpy Talbot

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Odd to think that the same banks appeared on the major donors list for George W Bush and Barack Obama.

It would make you wonder at times whether the whole shebang is just a venerable reality TV show.

Which would also explain Donald.
 

Lumpy Talbot

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No
There's even an index for it. A sort of arms-race in party funding between the candidates and the papers publish how they are doing in terms of pledges.

Essentially if Barack Jones and Clinton Gore III are close in the polls for the Republican or Democrat nomination then the papers will publish comparisons in terms of financial pledges via PACs, grassroots buck-a-biscuit fundraisers and most of all in terms of corporate favour/pledges.

That data on financial pledges is essentially the best pointer to who's been bought by who and for how much that you'll ever see in the public domain at all.
 

LTL

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Apr 20, 2019
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Because they might call in his loans? Very good podcast from NYT recently about why DB have been very keen on getting their money back from Trump and were prevented from doing so up to a certain point because of the potential backlash from MAGA eejits when a German bank takes away all of Trump's (a sitting POTUS) property.
Can you provide a link please? I don't subscribe to the NYT but this would be worth a listen.
 


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