Search Results for "Deutsche Bank"

Is a U.S. Bank in the EU is Still Under ECB Rules? Why Do Central Banks Still Have Gold?

QUESTION: Dear Mr. Armstrong, I would first like to thank you for all the information you are making available publicly. I have two questions to pose, if you deem them relevant to the present state of affairs. 1) What is the difference for an EU citizen of having deposits with an US bank and with […] read more

European Banks Lending in USA Rather than Europe?

European banks have been lending in the United States quiet aggressively because (1) the economy is doing good so there is a demand for loans contrary to Europe, and (2) the behind the curtain view that the euro will decline and the dollar will rise. During the first half of 2017, European banks have lent […] read more

Punishing Traders for What Central Bankers Do All the Time

Bloomberg¬†is reporting the fate of¬†Christian Bittar who was the top trader at Deutsche Bank AG. He earned a bonus of $126 million in 2008 for betting that as the economy would melt down, banks would refuse to lend to each other until the dust settled so short-term rates would soar. While he is sitting now […] read more

Draghi Knew About Hiding Losses by Italian Banks

The Bank of Italy, when it was headed at the time by Mario Draghi, knew Banca Monte dei Paschi di Siena SpA hid the loss of almost half a billion dollars using derivatives two years before prosecutors were alerted to the complex transactions, according¬†to documents revealed in a Milan court. Mario Draghi, now president of […] read more

Commerzbank to Merge with French BNP

According to a the latest spin, the German federal government’s withdrawal from the Commerzbank has left the favored shotgun wedding¬†merger. Commerzbank is the Frankfurt money house which will be merged with the French BNP Paribas.¬†This is being presented as if it were a¬†strong German-French merger which is suggesting that there is a deeper European banking […] read more

Nonperforming Loans in European Banks 10x that of U.S. Banks

American banks¬†would rather return to the USA than strengthen their activities in the Eurozone. The U.S. banks, overall, now expect the EU to simply¬†disintegrate. Brussels is not about to surrender its dream and is clinging to life as it slowly dies. The general view now is that the European banks are reaching the point of […] read more

Sovereign Debt Crisis – Banking Crisis – Derivative Clearinghouse Risk

QUESTION: Mr. Armstrong, What comes first? The banking Crisis or the Sovereign Debt Crisis? Thank you for bringing our attention to these events OD ANSWER:¬†The central banks are trapped. They can no longer even hope to sell the bonds they have bought in a vain attempt to stimulate the economy. So¬†government¬†can, in theory,¬†keep their rates […] read more

European Banking Crisis

Is a the European bank rally sustainable? European banks continue to rally marginally following the release of the European Bank Authority stress test. However, risks remain with a referendum to be held in Italy proposing to redesign their election process putting any Italian bank restructuring at risk. The EU banking committee proudly announced positive stress […] read more

UN & World Bank Want to Tax Water

Well, all the fools who believe in climate change/global warming will be ecstatic to know that they can help the planet through the new proposal from the¬†United Nations and World Bank. These wonderful entities are now forecasting a shortage of water in places like the Middle East by 2050. The solution will be simple: they […] read more

Jewish Bankers vs. All Bankers

Since Jews founded Goldman Sachs,¬†some people assume that¬†qualifies it as a Jewish bank, which makes it evil. I think it should be pointed out that Hank Paulson, former CEO of Goldman Sachs who became Secretary of the Treasury under Bush, I believe deliberately allowed Lehman and Bear Stearns (two of the five main investment banks) […] read more