GFC MkII? Forget Goldman Sachs, the world's most dangerous bank is...

[whateverpedia]

... Germany's Deutsche Bank.

 

Some interesting (to say the least) stats:

 

- Its current share price is 8% of the level it was in 2007 (pre GFC Mk I)

- It is currently leveraged at a rate of 40:1

- In 2009 CEO Josef Akkerman claimed that DB had plenty of capital, however it turns out it was covering up $12 billion in losses in order to avoid a gov't bailout

- It was hammered after the Brexit referendum (the UK accounts for ~19% of its revenue)

- It is in the process of "downsizing" 9,000 of its staff, and shutting up shop altogether in 10 countries

- Its derivative position is a whopping €52 trillion (~ US$57.4 trillion)

 

Holy fvcking sh!t.

 

Fasten your seat belts.

 

http://www.zerohedge.com/news/2016-07-09/charting-epic-collapse-worlds-most-systemically-dangerous-bank

[mki]

40x leverage?

 

WTF...

 

I'm setting up some campaigns, wanna loan me 4 million for ad spend?

[yukon]

40x leverage?

 

WTF...

 

I'm setting up some campaigns, wanna loan me 4 million for ad spend?

 

 

Done!

 

Check your Paypal.

[whateverpedia]

I don't like to be the one to say "told you so", but, I told you so.

 

It is one of the biggest questions on financial markets at the moment — how stable is Germany's Deutsche Bank?

 

Investors are starting to flee Germany's biggest bank amid growing speculation that it might need assistance from the German Government.

 

How stable is Deutsche Bank