Deutsche Bank Insolvent
Is deutsche bank technically insolvent.
Deutsche bank insolvent. And like everybody else we assume that some kind of fix will soon be in probably one that will further vindicate exposure to gold both as money substitute and currency substitute. In the years leading up to the banking crash deutsche bank is a leader in mortgage backed securities bundling up homeowners debt into huge packages and selling them on to investors. One of them claimed that if deutsche had marked its books it might have been in the same position as lehman which translates to deutsche bank could have been forced into insolvency.
Bnn bloomberg commentator andrew mccreath compares the stock declines of deutsche bank and the now defunct lehman brothers. He says deutsche bank probably goes to zero despite its current market capitalization of us 17 billion. They have a book value of 62b with derivatives supposedly valued at 333b meaning if the actual net value of these derivatives are 19 or more lower than what they say they are they become insolvent.
Deutsche bank swung to a loss in the first quarter and the outlook for the full year darkened underlining the impact of a costly overhaul and pressure on revenue as the coronavirus crisis. Deutsche bank is probably insolvent by tim price this is getting to be a habit. Berlin two weeks after the spectacular crash of the german fintech giant wirecard deutsche bank said thursday that it was open to provide emergency financing to help keep the company.
Previous late summer holidays by this correspondent coincided with the run on northern rock and subsequently with the failure of lehman brothers. This is why deutsche bank s book value is more than their market cap even before covid 19. Max keiser hit out against deutsche bank in the latest episode of his rt program keiser report saying the bank was technically insolvent despite assurances from german finance minister wolfgang schaeuble that he had no concerns over his country s biggest bank.
Deutsche bank needs to convince the market that after half a dozen failed efficiency drives this is the one that is going to deliver the goods and playing scrooge with the pensioners is an.