Post Profile

This Is How Much Liquidity Deutsche Bank Has At This Moment, And What Happens Next

It is not solvency, or the lack of capital - a vague, synthetic, and usually quite arbitrary concept, determined by regulators - that kills a bank; it is - as Dick Fuld will tell anyone who bothers to listen - the loss of (access to) liquidity: cold, hard, fungible (something Jon Corzine knew all too well when he commingled and was caught) cash, that pushes a bank into its grave, usually quite rapidly: recall that it took Lehman just a few days for its stock to plunge from the high double digits to zero.
read more


Related Posts

You're Going To Cringe When You Read Dick Fuld's Frat-Boy Language In His Emails

Business & Finance : Business Insider: Clusterstock

Lehman Brother's disgraced former CEO Dick Fuld used to talk like a frat boy, according to an email exchange with the bank's former chief strategy officer David Goldfarb from September 2007. Here's one little gem from Fuld, "I agree...

Deutsche's Three "What If" Scenarios: What Happens After The Grexit

Business & Finance : Zero Hedge

As reproted previously, the biggest event of the day will be the meeting between Greek PM Tsipras and Germany's Merkel, which - with Greece having only days of access to liquidity left (and a negative solvency position already as co...

MEMO: Deutsche Bank reassures staff about its bombed-out share price and says it doesn't need to raise money

Business & Finance : Business Insider: Clusterstock

Deutsche Bank sent a memo, seen by Business Insider, to staff reassuring them of the bank's financial position and coaching them on what to tell clients who ask about the company's bombed-out share price. Deutsche Bank shares crashe...

Germany Working On Deutsche Bank Rescue Plan As Lender Sells Unit To Shore Up Liquidity

Business & Finance : Zero Hedge

Update: In an emailed statement, the German finance ministry told Bloomberg that the report on Deutsche Bank by German weekly Die Zeit “is incorrect" adding that "the federal government isn’t preparing any rescue plans. T here are n...

Deutsche CEO Goes Full 'Dick Fuld': Bailout "Out Of The Question" Sees "Few Risks... Comfortable Liquidity"

Business & Finance : Zero Hedge

Will John Cryan's name go down in the annals of financial history lore alongside Erin Callan, Joe Gregory, and Dick Fuld? Given the extreme level of denial and hubris the Deutsche Bank CEO reportedly uses in an interview with German...


Copyright © 2016 Regator, LLC