Deutsche Bank - They think its all over.....

[Zod]

If it needs to, DB will probably just do another rights issue and sit on the money to bolster its core capital ratio.

Of course, if it did run out of liquidity (they never go bust in the traditional way, the other banks stop lending to them in the overnight market), it would be bad, very bad.

[PugwasHDJ80]

Zod said:

boxxob said:

Zod said:

I polish my own shoes actually.

and do you kneel in front of the mirror to do it?

ahem, seriously now, what's the Zod-take on the stories posted? Your answers so far (and previous DB comments) allude to that fact you think they are balderdash.

Deutsche has been poorly managed for years and has been too arrogant to deal with its problems. That is no longer the case, but it has a long way to go to get over its current issues. It is able to service interest payments on its debt. There is more to come out over its regulatory issues, but it has made progress.

Thiws

its been rapidly divesting and shedding parts it should never have had in the first place (fred the shred anyone?)

[AyBee]

Four Litre said:

Pleased to meet to too Zod. You appear to either got out of bed the wrong side today or are a complete and utter cock. Judging by your posting, I can only assume the latter.

Unless your the chairman of DB, why the need to behave like an utter bell-end? Im guessing small guy with a keyboard syndrome?

Zod asked a pretty reasonable question IMO, I'm not sure why you've taken such a hostile approach to responding. It's perfectly reasonable to ask whether the OP actually understands the implications of what they're posting, or whether they're just forwarding on some sentences which sound scary...

[Shnozz]

Sheepshanks said:

hornetrider said:

Batten down the hatches.

There's a few very scary things bubbling away at the moment.

Out of interest, what are you referring to? A precis would be of interest. I keep hearing a few disgruntled folk in corporate banking saying similar but am intrigued as to what the alarm bells are.

[London424]

Bit of a Unit said:

Watched The Big Short last night having read the excellent book on hols this summer. It would appear we do not learn!

Good watch for those that know the story.

Same, saw it pop up on my Netflix and watched at the weekend. Great story/film and a real eye opener to what happened and what will no doubt happen again at some point.

[Burwood]

Zod said:

If it needs to, DB will probably just do another rights issue and sit on the money to bolster its core capital ratio.

Of course, if it did run out of liquidity (they never go bust in the traditional way, the other banks stop lending to them in the overnight market), it would be bad, very bad.

Indeed. The biggest risk right now is the fear element which could cause a run on customer deposits.

I know a bit about their culture having worked there before. Worst bank I have ever been involved in in terms of general staff attitude and behaviour. They seemed to think it ok for certain staff to stab monitors with pens, threaten their staff (i'll kill you) and the like. I appreciate just a tiny example but never saw anything like it at Barcap, UBS, BoNY etc. Until the recent top management changes, even ex board members had 'protection' staff and full time chauffeurs, kept lavish offices. All on the banks dime.

[number 46]

Burwood said:

They seemed to think it ok for certain staff to stab monitors with pens, threaten their staff (i'll kill you)

I didn't know Gordon Brown worked at DB!!!!!!!

[Adenauer]

I don't understand this and I shan't even pretend to, however. My business account is with the DB and it has quite a tidy sum in it.

Is it safe, or could it potentially vanish if the bank went tits up?

[williaa68]

The latter. It is an unsecured deposit.

[sidicks]

sidicks said:

Four Litre said:

Pleased to meet to too Zod. You appear to either got out of bed the wrong side today or are a complete and utter cock. Judging by your posting, I can only assume the latter.

Unless your the chairman of DB, why the need to behave like an utter bell-end? Im guessing small guy with a keyboard syndrome?

So do you understand the $75 trillion number is meaningless nonsense or not?

Four litre, please can you clarify? Thanks

[Fastdruid]

Adenauer said:

I don't understand this and I shan't even pretend to, however. My business account is with the DB and it has quite a tidy sum in it.

Is it safe, or could it potentially vanish if the bank went tits up?

Safe is relative. DB are too big to fail and undoubtedly would be bailed if st really hit the fan.

The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.

[Adenauer]

Fastdruid said:

Adenauer said:

I don't understand this and I shan't even pretend to, however. My business account is with the DB and it has quite a tidy sum in it.

Is it safe, or could it potentially vanish if the bank went tits up?

Safe is relative. DB are too big to fail and undoubtedly would be bailed if st really hit the fan.

The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.

I'm nervous now.

[Four Litre]

AyBee said:

Four Litre said:

Pleased to meet to too Zod. You appear to either got out of bed the wrong side today or are a complete and utter cock. Judging by your posting, I can only assume the latter.

Unless your the chairman of DB, why the need to behave like an utter bell-end? Im guessing small guy with a keyboard syndrome?

Zod asked a pretty reasonable question IMO, I'm not sure why you've taken such a hostile approach to responding. It's perfectly reasonable to ask whether the OP actually understands the implications of what they're posting, or whether they're just forwarding on some sentences which sound scary...

When I joined PH it was a fairly chilled out place to be, with a bit of banter and some nice likeminded people. It seems now that rather that have a chat there are quite a few idiots that for some strange reason try one upmanship by just being a rude cock.

Do I know what Im talking about? I like to think so as I have worked in finance for all my career, which is 25+ years and as a direct result of the 2008 crash am working on the separation of UK Retail and Investment banks. So as I say, I like to think I have a bit of background, not that it needs to be called into question when discussing a news article.

Shame PH has ended up this way...

[sidicks]

Four Litre said:

When I joined PH it was a fairly chilled out place to be, with a bit of banter and some nice likeminded people. It seems now that rather that have a chat there are quite a few idiots that for some strange reason try one upmanship by just being a rude cock.

Do I know what Im talking about? I like to think so as I have worked in finance for all my career, which is 25+ years and as a direct result of the 2008 crash am working on the separation of UK Retail and Investment banks. So as I say, I like to think I have a bit of background, not that it needs to be called into question when discussing a news article.

Shame PH has ended up this way...

So why did you bother to quote the $75 trillion derivative exposure if you know it is a meaningless figure?

Can We assume that 'analyst' in your profile refers to some kind of IT business analyst-type role, rather than investment analyst?

Edited by sidicks on Tuesday 27th September 14:24

[sidicks]

contango said:

• (For the purposes of eligibility of responding to this thread on PH. The poster is not an employee of DBK, has no position in DBK stock or CFD, nor will have one in the next 72 hours, has numerous professional financial qualifications and regulated by the FCA & SEC).

[anonymous-user]

I have a few friends who work in the financial sector and they're quite interesting fun and pleasant people. Why are the loudest ones on here grey pompous dull robots. All they seem to do is post boring life sapping dogma and then call everyone else idiots and thick.

[FN2TypeR]

boxxob said:

jeez, someone posts something, and others are free to question and contradict it. Why does it have to turn to some sort of conceited, shaming, know-it-all battle?

Because we are on the internet, duh.

[sidicks]

el stovey said:

I have a few friends who work in the financial sector and they're quite interesting fun and pleasant people. Why are the loudest ones on here grey pompous dull robots. All they seem to do is post boring life sapping dogma and then call everyone else idiots and thick.

Who said that?

[sidicks]

boxxob said:

Not on this thread, but let's be honest, you do call posters these names, and it seems like it happens fairly often

Examples please...

[rxe]

Problem for a bank is confidence. Once people (depositors, bond holders) have lost confidence it all becomes self perpetuating.

Northern Rock (for example) didn't fail because their loan book went bad, indeed their loan book (despite their bonkers lending approach) was performing about the same as everyone else's. They failed because they needed to raise a boat load of cash in a big hurry - they had mismatched their liability and funding dates. As soon as you have a bank out there touting for hods of cash, everyone gets s bit nervous.