Monday, October 3, 2016

German Politicians Are Accusing The US Of Waging ‘Economic War’ Over Deutsche Bank

A Deutsche Bank logo adorns a wall at the company's headquarters in Frankfurt, Germany June 9, 2015. REUTERS/Ralph Orlowski/File Photo

CNBC/Financial Times: US accused of waging ‘economic war’ over Deutsche

German politicians have accused the U.S. of waging economic war against Germany as concern continues to rise among the country’s political and corporate elite over the future of Deutsche Bank, its biggest lender.

Some of Germany’s top industrial chiefs have also rallied to the bank’s side following the market storm that last week threatened to engulf Deutsche, stressing its importance to the German economy and expressing confidence in the leadership of John Cryan, the bank’s chief executive.

Deutsche has been under intense pressure since the U.S. Department of Justice requested it pay $14 billion to settle claims of mis-selling mortgage securities last month, sparking fears about the bank’s capital levels. Shares in the bank fell below €10 to their lowest level since 1983 before bouncing back on Friday after some media reports suggested Deutsche was close to a much smaller $5.4 billion deal with the U.S. authorities.

Read more ....

WNU Editor: While the media's focus is on Deutsche Banks liquidity .... traders and hedge funds are worried about this .... Deutsche Bank’s Biggest Risk? $46 Trillion in Derivatives Exposure (ETF Daily News).

More News On Dustche Bank

Deutsche Bank races against time to reach U.S. settlement -- Reuters
Deutsche Bank, U.S. DOJ Continue to Discuss Mortgage-Securities Settlement -- WSJ
German business leaders offer support to Deutsche Bank -- The Guardian
Deutsche Bank defended by German firms -- BBC
Germany's Merkel cannot afford to bail out Deutsche Bank: media -- Reuters
Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage" -- Zero Hedge
Deutsche Bank woes reveal a new financial crisis -- Jeremy Warner,
Deutsche Bank: The Most Important Bank In Europe Is Facing Collapse -- Michael T. Snyder,
Deutsche Bank Isn't Like Lehman -- and It Is -- Tom Graff, Real Money
Deutsche Bank: 5 scenarios for the German bank -- Financial Times

1 comment:

Aizino Smith said...

I was concerned with the BP oil spill.

If the Democrats could have their way, they would have bankrupted BP.

All those pension funds of teachers and other people would have gone bye-bye.

I have relatives in Australia, China, France & Germany.

All I want is a level playing field.