Deutsche Bank Does Not Tolerate Tax Dodgers! I Wouldn’t Either If I Had The Biggest Exposure To The Derivatives Scam

Aotearoa: A Wider Perspective

At $72.8 Trillion US Deutsche Bank is the bank with the biggest exposure to the pending Derivatives collapse. That is more than 3.5 times more than the entire global GDP. That is also more than $ 2 trillion more than JP Morgan. So it should come as no surprise they want to loot as much as they can before the whole house of cards comes down around them.

Moments ago the market jeered the announcement of DB’s 10% equity dilution, promptly followed by cheering its early earnings announcement which was a “beat” on the topline, despite some weakness in sales and trading and an increase in bad debt provisions (which at €354MM on total loans of €399.9 BN net of a tiny €4.863 BN in loan loss allowance will have to go higher. Much higher). Ironically both events are complete noise in the grand scheme of things. Because something far…

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