/biz/ - Business & Finance

>>16423828
>i watched cnbc a few times over the last decade. every time another douche sat there telling the audience to "short lehman bros" because they "will crash". blablabla. lb is so damn much undervalued but you'll figure this out soon enough.

>>16226947
Based. Lehman also did not just collapse all in one day. They were going down for years. Just like Deutsche has been going down for years. The tipping point is when they run out of cash and nobody will lend to them, at which point Germany will probably take it over, shifting TRILLIONS of debt onto the ECB. Euro will be fucked, Switzerland and Italy especially fucked

Germans, what is your media/govt saying about your economy and/or Deutsche Bank? Here in burgerland CNBC is nothing but raving about how everything is booming, going to continue upwards for years, etc. They've gotten especially cocky now that the yield curve has uninverted and cite it as proof that anyone who thinks recession is coming is a raving lunatic https://youtu.be/eBJUNPCeJAg

>Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest loser in a vicious industry slump that has reshaped global shipping.

>Once the world’s predominant shipping lenders, most German banks have abandoned ship finance as they’ve written off tens of billions of nonperforming loans to cope with around $100 billion in toxic debt and sold scores of vessels to foreign owners at knockoff prices.

>VDR data show that German owners operate 2,400 vessels compared with 3,800 in 2012. In terms of gross tonnage the number is down by a quarter. The majority of ships went to cash-rich GREEK owners

>“At its worst, there have been cases of five-year old ships that were sold as low as twice scrap price, or a 70% discount,” said Basil Karatzas, chief executive of New York-based Karatzas

>Before the 2008 crisis, some 26% of new ship orders book came from Germany. Today that number has fallen to less than 2.3%, and hundreds of KGs have gone insolvent.

>>16180692
This is exactly how Lehman went down. It wasn't just all in one day, it was consistently going down over the years until the tipping point. Deutsche is hemorrhaging employees and cutting costs at every corner yet is STILL losing billions of dollars quarter after quarter. It will only get worse as the German recession continues. So it will almost certainly reach its tipping point soon, at which point either it will fail and start off another global financial crisis, or the government will take it over with trillions in new euros printed by ECB, causing the value of the euro to plummet and other banks/countries (Italy) will fail and start off another global financial crisis.

On July 8, 2019, thousands of Deutsche Bank employees across the globe arrived at their offices, unaware that they would be leaving again, jobless, just a few hours later. In Tokyo, entire teams of equity traders were dismissed on the spot, while some London staff were reportedly told they had until 11am to leave the bank’s Great Winchester Street offices before their access cards stopped working.

The job cuts, which totalled 18,000, or around 20 percent of Deutsche Bank’s workforce, were the flagship element of a restructuring plan designed to save the ailing German lend
Deutsche Bank reported a net loss that missed market expectations on Wednesday as a major restructuring plan continues to weigh on the German lender.

It reported a net loss of 832 million euros ($924 million) for the third quarter of 2019. Analysts were expecting a loss of 778 million euros, according to data from Refinitiv. It had reported a net profit of 229 million euros in the third quarter of 2018, but a loss of 3.15 billion euros in the second quarter of this year.
But the truth is that anyone with half a brain can see that Deutsche Bank is dying.
https://www.zerohedge.com/markets/deutsche-bank-death-watch-has-taken-very-interesting-turn