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« Nigel Farage Press Conference: Brexit - Let's Get Things Started | Main | Goldilocks jobs report for June would be ‘just right’ »
Tuesday
Jul052016

Will Deutsche Bank Survive This Wave Of Trouble Or Will It Become The Next Lehman Brothers?

 

 

 If you have been waiting for “the next Lehman Brothers moment” which will cause the global financial system to descend into a state of mass panic, you might want to keep a close eye on German banking giant Deutsche Bank. It is approximately three times larger than Lehman Brothers was, and if the most important bank in the strongest economy in Europe were to implode, it would instantly send shockwaves rippling across the entire planet. Those that follow my work regularly know that I started sounding the alarm about Deutsche Bankbeginning last September. Since that time, the bad news from Deutsche Bank has not stopped pouring in. They announced a loss of 6.8 billion euros for 2015, and they have been plagued by scandal after scandal. In recent months they have gotten into trouble for trying to rig precious metal prices, for committing “equity trading fraud” and for their dealings in mortgage-backed securities. The followingcomes from Zero Hedge

A month after admitting to rigging precious metals markets, Deutsche Bank has been hit with a double-whammy of more alleged fraudulent behavior today and the stock is sliding. First, Reuters reports that the bank took a charge of 450 million euros for “equity trading fraud,” and then Bloomberg reports that The SEC is looking into Deutsche’s post-crisis mortgage positions.

read more....                                                                                           

Watch for this weeks NFP Jobs Report in the US as this may sway the Federal Reserve in their deliberations....

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