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Deutsche Bank warns of pain ahead as it announces massive loss
https://sg.yahoo.com/news/deutsche-bank-...09080.html
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."
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26-09-2016, 06:02 PM
(This post was last modified: 26-09-2016, 06:03 PM by swang107.)
Amazing how little attention is on this. So much complacency in the market whilst nationalization seems inevitable.
Market cap is now less than UOB.... heck even less than Maybank.
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Even though Angela Merkel indicated that the German government will not bail out the bank, I think when push comes to shove, Deutsche Bank will be saved by the government (after fulfilling the regulations of EU of course). Deutsche Bank is simply too systemic critical to European banking system. They have seen what happens after Lehman collapsed. Saving the bank is much better than picking up the pieces later if it fails.
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A fight seems to be happening between US and Germany.
First in Volkswagen issue, US fines Volkswagen USD 14.7 bil
Then Germany fought back(under EU) and fines Apples in Ireland for tax issue. Fine amount, you guess, USD 14 bil.
Next US fines Deutsche Bank for USD 14 bil, to settle an investigation into its selling of mortgage-backed securities.
Merkel will have to save Deutsche Bank for sure. Question is what's next. Let's keep watching.
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eutsche Bank Is Nearing a Plan to Boost Capital by $10.6 Billion
Deutsche Bank AG is nearing a plan to boost capital by more than 10 billion euros ($10.6 billion) through an equity offering and the partial sale of its asset management unit, according to people with knowledge of the discussions.
The measures, which executives may review as soon as this weekend, would be a way for the bank to boost capital buffers instead of by selling its Postbank unit, said the people, who asked not to be identified because the plans haven’t been announced. Deutsche Bank is now leaning toward reintegrating the consumer banking business, the people said. No final decision has been made, they said.
It’s also studying management changes, including a new role for Chief Financial Officer Marcus Schenck, some of the people said. The firm is weighing recombining its investment banking and trading divisions, with Schenck gaining some oversight of the business, some of the people said. Among the options the bank is considering is creating a deputy chief executive officer role, the people said.
More details in
https://www.bloomberg.com/news/articles/...ital-raise
Specuvestor: Asset - Business - Structure.
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Some news on the Net said this Institution may be the next Lehman brothers in the making?
EXTRACT:-
"On Sept. 15, 2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide.
Lehman's demise also made it the largest victim of the U.S. subprime-mortgage-induced financial crisis that swept through global financial markets in 2008. Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008 – the biggest monthly decline on record at the time.
https://www.investopedia.com/articles/ec...llapse.asp
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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