After collapsing to a record low on Tuesday February 9th, Deutsche Bank came “roaring back”. Late that day, its management announced that it was considering buying back its own senior debt. This provided some reassurance to shareholders: by the close on Wednesday, Deutsche Bank’s share price was up over 10% [...]
The German lender’s solvency is strong enough to withstand the most likely clouds on the horizon. But Deutsche Bank’s 1.4 trln euro balance sheet is opaque and stuffed with derivatives. Boss John Cryan could deliver relief by opening up on its oil and other exposures.
A close look at the German lender’s capital position implies that a nervousness among investors is overdone.
The China slowdown is wrecking havoc on the global financial markets, including Germany’s largest bank, Deutsche Bank. The benefit for the US mortgage market? The post How China and The Deutsche Tank Are Helping The US Mortgage Market was originally published at The Wall Street Examiner. Follow the money!
When it comes to government bail outs of insolvent banks few are as qualified to opine as John Mack who was CEO of Morgan Stanley when the bank, along with all other U.S. TBTF banks, was bailed out with a multi-trillion rescue package in the aftermath of the Lehman failure. Show More Summary
Rumors of ECB monetization (which would be highly problematic in the new "bail-in" world) and old news of the emergency debt-buyback plan have sparked an epic ramp in Deutsche Bank's stock this morning (+11% - the most since Oct 2011). Show More Summary
Market turbulence has led investors to snap up safe German bonds, yet the cost of insuring against a Teutonic default is up. Blame a rout in Deutsche Bank shares. Until Europe’s banking union is complete, governments are the ultimate backstop if big lenders get into trouble.
You know it's bad when the finance minister of Germany has to publicly state he has "no concerns" about his country's biggest lender –Deutsche Bank – as Wolfgang Schauble did on Tuesday while bank shares plummeted. It's been brewingShow More Summary
Sentiment rallies as German lender considers buying back some of its debt.
Tom Keene discusses the function of CoCo bonds in light of concerns at Deutsche Bank with Mohamed El-Erian, chief economic advisor at Allianz and Bloomberg View CoCo bonds were created after the crisis to prevent bailouts Source: Bloomberg The post CoCo Primer: What They Are and How They Work appeared first on The Big Picture.
Deutsche Bank could take advantage of the crisis of confidence in its debt and buy back some of it on the cheap, according to the Financial Times. The German bank was said to be considering the move as a market rout took hold of bank...Show More Summary
After a day of "rock solid" Lehman-isms, emergency bond buyback plans, and a stock price still unable to close green, Deutsche Bank is on the ropes (despite CNBC proclaiming that "it doesn't feel like a Lehman moment.") However, as dawn breaks across the motherland, something more insidious is breaking for Germany's largest bank. Show More Summary
It's never a good look when a major bank has to pipe up and reassure the world that it's still financially sound. But such is the lot this week of Deutsche Bank, which has been getting absolutely savaged by the markets as of late. Its...Show More Summary
Following this morning's proclamation by Deutsche Bank co-CEO John Cryan that Germany's largest bank is "rock solid," David Stockman exposed the ugly truth that everyone appears to have forgotten from just 7 years ago... "in my experience...Show More Summary
Goldman Sachs Abandons Five of Six 'Top Trade' Calls for 2016; Deutsche Bank’s Hybrid Bonds Are in a Death Spiral; Goat arrested for trespassing in India released on bail; and more.
This has been a terrible day for Deutsche Bank. The stock price has collapsed, and shares are now trading lower than they were in the dark days of 2008 after the fall of Lehman. Yields on CoCos and CDS are spiking too. Despite a reassuring statement from the German Finance [...]
(Reuters) - Deutsche Bank AG is looking to buy back several billion euros worth of its debt in an effort to reverse the falling value of its securities, the Financial Times reported. Deutsche Bank is expected to focus its emergency buyback...Show More Summary
Deutsche Bank AG co-Chief Executive Officer John Cryan told employees that Germany’s largest bank is “rock solid” as investor concern about capital and funds drove down the value of stocks and bonds. Former OMB Director David Stockman...Show More Summary
By Kathrin Jones and Arno Schuetze FRANKFURT (Reuters) - Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Show More Summary
The securities are supposed to absorb loss while the bank is viable, but instead of damping volatility, fear of delayed maturity is making it worse.