With the threat of a potential 'black swan' event with a Trump Victory, The Elite have pulled out their "Ace in the Hole" - Russia. Russia is the most feared and misunderstood of all US artificial villians (even more than Islamic Terrorists).
In what may be the worst news yet for DB's employees, moments ago Bloomberg reported that the German Bank is exploring "alternatives to paying bonuses in cash" as Chief Executive Officer John Cryan seeks to boost capital buffers.
Moments ago Deutsche Bank stock, which has been well away from the headlines in the past two weeks, spiked following a Manager Magazin report according to which the Qatar and Abu Dhabi Sovereign Wealth Fund together with Chinese investors would be willing to raise their stake in DB to 25% in the case of a capital increase.
The California DOJ has launched a criminal probe into Wells Fargo on allegations of identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month. As Reuters adds, the AG warrant seeks to seize documents at Wells, and cites probable cause that felonies were committed at the bank.
The daily dump continues. In the now traditional daily routine, one which forces the Clinton campaign to resort to ever more stark sexual scandals involving Trump to provide a media distraction, moments ago Wikileaks released yet another 1,803 emails in Part 12 of its ongoing Podesta Email dump, which brings the total number of released emails to 18,953.
Will we ever learn?Bonds which never pay back principal, yield only 1%, and are converted to equity if the issuer gets into trouble (that is, at exactly the time when you don’t want to own their stock), are being enthusiastically snapped up by Japanese investors.
"It appears increasingly clear that political considerations hijacked the criminal process in this case, and routine, longstanding policies and procedures were ignored. As such, we request that you open an investigation into this matter at your respective Departments."
In an election year where libertarians have reason to fear every candidate on the ballot, public calls for Hillary Clinton to be held accountable for her obvious violations of the law are a rare bright spot.
There is an attempt underway for a government to take control of our election process and throw the election to Hillary Clinton. It is not the Russian government. Mark this day - it is when we came to understand that the American government decided to elect a president.
While speculation that Qatar investors may come to Deutsche Bank's rescue came and went on Friday, the German lender quietly took advantage of the relentless global appetite for yield and on Friday evening Deutsche Bank issued its first US dollar-denominated bond in five months when its raised $3 billion in five year paper
While Germany's largest lender would ultimately be rescued by the German government if needed, other banks in the region wouldn’t be able to count on such support, Gundlach said. “Deutsche Bank will be supported by Germany if push comes to shove, but what about Credit Suisse, which has shown a similar decline in stock price? Who’s there to bail them out?”