"Only a few large universal banks will remain," says new Deutsche Bank (DB) co-CEO Anshu Jain,...

"Only a few large universal banks will remain," says new Deutsche Bank (DB) co-CEO Anshu Jain, expecting significant consolidation as "the price of being global has gone up dramatically." If he's right, 25K job cuts in investment banks announced so far is just a down payment.

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Comments (3)
  • Interesting Times
    , contributor
    Comments (15021) | Send Message
    Just what we need, a consolidation of larger banks..
    21 Nov 2012, 07:50 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    More centralized power.....with Political connections...it will be the future...and it will be abused...
    21 Nov 2012, 08:01 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
    Fortunately, DB will not be among the survivors.


    The $354 BIL USD they borrowed from FED, (GAO FED Audit pgs. 130-31) is due, and they cannot pay. Despite asking for refinancing, FED says, "pay me", as FED is already the de facto owner of DB, as Germany laid out not only the keys to the bank, but sovereign collateral as well, to get that loan from FED.


    US taxpayers again carrying the load for Germany.


    If that isn't enough to raise a red flag, Deutsche Bank keeps claiming to have 2.2 TRIL in assets, yet only carries a microscopic $54 BIL in equity. And still, not even a hint of mention from Moody's as to Germany's financial credibility.


    One need not be a financial savant to smell what DB has been cooking. With DB as DAX 30's house bank,(all major German Industrials bank with DB) when, (that's right, when), they go face down, they take the top German Industrials with them, (SIEMENS, TELEKOM, LINDE, THYSSEN KRUP, DAIMLER MERCEDES, VW, BMW, HEIDELBERG CEMENT, BASF, RWE, K&S AG, Deutsche Bahn, Deutsche Post etc.), and the invisible infrastructure they have so cleverly lied about to the entire world, becomes transparent.


    The only way out: CHINA, as Germany hands China the keys to the backdoor, and we have a Chinese footprint right in the middle of the EU, and China goes on a shopping spree, picking up the now failed German stocks for pennies on the Euro.


    So, if in fact Germany is the strongest EU economy, and their best bank (DB) is doing so badly, start shorting all things German.


    No secret, this was seen 1000 miles away.
    22 Nov 2012, 03:00 AM Reply Like
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