Shakin' Merkel

Looking at the Deutsche Welle headlines this morning, one could be forgiven for wondering if this was an Obituary for Angela Merkel. It's a reflection on her leadership on turning 65. The author wonders whether her annual summer holiday will recharge her batteries as usual and stop the shaking episodes or if she will take the opportunity to retire. There is also a comment about whether having taken her party from centre right to centre, this left a vacuum for far right organisations to fill.

1563360333905.png


Germany's Angela Merkel at 65: The chancellor who defined an era | DW | 16.07.2019
 
Last edited:
Take Zero Hedge with a pinch of salt, there are more certifiable loonies on there than the remainers on the Brexit thread here

Stuff like this is real, and not a good omen for the long term

At the heart of Chief Executive Officer Christian Sewing’s turnaround plan for Deutsche Bank AG is a contrarian bet: that he can cut spending on technology while gaining ground on the competition.

Even with the digital revolution in finance accelerating, Deutsche Bank expects to trim its annual outlays on tech to 2.9 billion euros ($3.3 billion) in 2022 from a peak of 4.2 billion euros this year.

“Deutsche Bank would probably love to be spending more on technology, but they need money for other parts of their restructuring,” said Pierre Drach, managing director of Independent Research in Frankfurt. “It’s pretty much impossible for European banks to catch up with the Americans at this stage.”
 
Take Zero Hedge with a pinch of salt, there are more certifiable loonies on there than the remainers on the Brexit thread here

Stuff like this is real, and not a good omen for the long term
The Germans have often proved to be something less than they are cracked up to be. Deutsche Bank are something quite a bit further up the food chain than the Co-operative Bank. Then there was the little VW emissions affair and if you really want to see how they can stuff up large infrastructure projects, google 'Berlin Brandenburg Airport'.

I wonder if they have a word for schadenfreude.
 

Auld-Yin

ADC
Kit Reviewer
Book Reviewer
Reviews Editor
The Germans have often proved to be something less than they are cracked up to be. Deutsche Bank are something quite a bit further up the food chain than the Co-operative Bank. Then there was the little VW emissions affair and if you really want to see how they can stuff up large infrastructure projects, google 'Berlin Brandenburg Airport'.

I wonder if they have a word for schadenfreude.
George W Bush walt !
 
Take Zero Hedge with a pinch of salt, there are more certifiable loonies on there than the remainers on the Brexit thread here

Stuff like this is real, and not a good omen for the long term
Yes need to be selective but that ZH article is mostly a rehash of this from Bloomberg

Deutsche Bank, BNP Face Reality of $168 Billion Hedge-Fund Deal

Bloomberg - Are you a robot?

Need to understand what Prime Brokerage is, what many Hedge Funds actually are and how it all works to make full sense of it, but suffice it to say that it should come as no surprise to anyone at all that PB clients of Deutsche will want out of there ASAP, especially if they can't or don't want to ultimately shift to BNP Paribas.

Unless of course you are a group of Boxheads who have decided the best way to restructure was to throw their entire Equities division under the bus irrespective of the collateral damage to the bits they want to keep.

Rather like realising you need to lose a lot of weight. And then having done sod all about for years, chopping one of your legs off and claiming success.

Couple that with the really bonkers decision to CUT spending on Tech. development and it is indeed harping back to their traditional business.

And sort of ignoring the fact that it's bloody difficult to make any decent money in those sectors any more and has been for 15 years.

Not going to end well.
 
Thread starter Similar threads Forum Replies Date
OKCHU Blue Jokes 0
OKCHU Blue Jokes 0
OKCHU Blue Jokes 0

Similar threads


Top