Deutsche Bank shares record lows as big clients flee

[Danbones]

Deutsche Bank woes stoking fears of 2008 financial crisis repeat

Deutsche Bank stock fell eight percent to $11.48 per share in early Friday trading on reports several big hedge funds withdrew billions of dollars to cut exposure to the German lender.
Read more

The share price of Germany’s biggest bank is down over ninety percent since their peak of $127.81 in April 2007.
https://www.rt.com/business/361164-deutsche-bank-clients-run/

In the past there has been some controversy around here caused by some folks not getting the concept of
"THERE IS NO FREE LUNCH", and who don't understand the futility of printing money out of nothing to save the too big to fail banks and the elites who own them.
While we have made those con artists rich, we have NOT saved the financial system, au contraire, as I have been saying, Quantitative Easing has completely destroyed it.
It is slowly keeling over

Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong | Zero Hedge

look out peeps

Lol
One big problem with all of this is that the dumbies that don't get it are still allowed to vote

 

[Danbones]

Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage"

While it now seems that Friday's rumor of a substantially reduced Deutsche Bank settlement with the DOJ, which sent the stock price soaring from all time lows, was false following a FAZ report that CEO John Cryan has not yet begun the renegotiation process, and in the "next few days" is set to fly to the US to discuss the proposed RMBS misselling settlement with the US Attorney General, Germany's largest lender continues to be impacted by the public's declining confidence, exacerbated over the weekend by a disturbing "IT glitch."

For one, it remains unclear if Friday's report halted, or reversed, the outflow of cash from DB's prime brokerage clients, which as Bloomberg first reported last week was a major catalyst for the swoon in the stock price. However, as UniCredit's chief economist Erik Nielsen notes in a Sunday notes, one thing is certain: "so long as a fine of this order of magnitude ($14 billion) is an even remote possibility, markets worry."

There is also the threat of the bank's massive derivative book, which despite attempts of many pundits to gloss over, over the weekend none other than JPM admitted that that is what the markets will likely be focusing on for the foreseeable future: "In our opinion it is not so much funding issues but rather derivatives exposures that more likely to trouble markets going forward if Deutsche Bank concerns continue. This is especially true if these concerns propagate into a confidence crisis inducing more rapid unwinding of derivative contracts."
Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage" | Zero Hedge

 

[MHz]

Apparently the banks only have a few ways to manipulate the money supply and each time they play the same card it is more glaring on how phony the whole system is.

 

[petros]

Well why don't they just pull money out of thin air like the site halfwits believe?

BTW, I'm being generous at half.

 

[Danbones]

Yeah, I forgot you wouldn't know a Quantitative easing if it bit you in the A$$

 

[taxslave]

Yeah, I forgot you wouldn't know a Quantitative easing if it bit you in the A$$

Is that the current term for fiscal irresponsibility?

 

[Danbones]

one of a mixed basket full of terms
lol

There are two types of money in a fractional-reserve banking system: currency originally issued by the central bank, and bank deposits at commercial banks:[7][8]

Central bank money
(all money created by the central bank regardless of its form, e.g., banknotes, coins, electronic money)
Commercial bank money
(money created in the banking system through borrowing and lending) – sometimes referred to as checkbook money)
When a commercial bank loan is extended, new commercial bank money is created if the loan proceeds are issued in the form of an increase in a customer's demand deposit account (that is, an increase in the bank's demand deposit liability owed to the customer). As a loan is paid back through reductions in the demand deposit liabilities the bank owes to a customer, that commercial bank money disappears from existence.
https://en.wikipedia.org/wiki/Money_creation

From the Just for Sh!ts and giggles departement:
All that bank created money that gets "disappeaers" when it gets paid back?
...what if it never gets paid back?
Then it doesn't get destroyed and it is now out there for ever.
Also in normal operation the interest is never created
so there is an anticurrency called un payable debt....

 

[darkbeaver]

Bank created money not. you're labour creates all, thebanbks create zip your muscle creates the world

Rise up.get your **** together or die, evwentrually younwill winm shorten the voyage, kill thyem now.

Bankersd should become popular barbacue ingediantys, fat bankers make , burning bankers keeps me warm, a trucdkload of bankers is cheap fuel,, burn the heritics,

For hundreds of years we will delibherate your innocence.

 

[Danbones]

That would be in o scents
or deepstink
just hanging there from a bridge like pope on a rope