Deutsche Bank

Eurogroup Head Dashes Italy Bank Bailout Hopes: "I Will Resist Taxpayer Bailouts Very Strongly"

Jeroen Dijsselbloem poured cold water on Italy's ongoing attempts to force a bank bailout when he said earlier today that not only was he not "particularly" worried about italian banks but that “there have always been and will always be bankers that say ’we need more public money to recapitalize our banks.... and I will resist that very strongly because it is, again and again, hitting on the taxpayer." He then added that "the problems with the banks need to be sorted out in the banks and by banks.”

S&P 500 To Open At All Time Highs After Japan Soars, Yen Plunges On JPY10 Trillion Stimulus

S&P 500 futures are set to open at new all time highs, with global stocks rallying as the yen weakened and the Nikkei soared on speculation Japan is about to unveil the first instance of "helicopter money"-lite, as well as due to a continuation of better-than-expected U.S. jobs data. Further speculation that Italy's (and Europe's) insolvent banks will be bailed out has further boosted sentiment.

Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

David Folkerts-Landau, the chief economist of Deutsche Bank, has called for a multi-billion dollar bailout for European banks. Speaking to Germany's Welt am Sonntag, the economist said European institutions should get fresh capital for a recapitalization following a similar bailout in the US. What he didn't say is that the US bailout took place nearly a decade ago, in the meantime Europe's financial sector was supposed to be fixed courtesy of "prudent" fiscal and monetary policy. It wasn't.

Charting The Epic Collapse Of The World's Most Systemically Dangerous Bank

It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed. But, if the deaths of Lehman Brothers and Bear Stearns were quick and painless, the coming demise of Deutsche Bank has been long, drawn out, and painful.

Why Deutsche Bank Expects A Collapse In Monthly Job Growth To Under 60,000

The current labor/productivity gap implies that over the next 4 quarters, the cumulative slowdown in labor input growth should be 4.5 percent. This implies that aggregate hours (which most recently have been expanding at a 1.6 percent annual rate) would average just 0.5 percent (1.6 – 4.5 / 4). Expressed in terms of new jobs, this means that unless firms cut back on employee hours, monthly job creation would average close to 60K next year, a substantial drop from the 200K average of the past 12 months.

How George Soros Singlehandedly Created The European Refugee Crisis - And Why

In 2015, a Sky News reporter found “Migrant Handbooks” on the Greek island of Lesbos. It was later revealed that the handbooks, which are written in Arabic, had been given to refugees before crossing the Mediterranean by a group called “Welcome to the EU.” Welcome to the EU is funded by—you guessed it—George Soros' Open Society Foundations. Soros has not only backed groups that advocate the resettlement of third-world migrants into Europe, he in fact is the architect of the “Merkel Plan.”

JPMorgan Says Recession Odds Rise To New Cycle Highs

After edging down to 34% on June 16, JPM's preferred macroeconomic indicator of the probability that a recession begins within 12 months has moved back up and now sits at 37%, the highest it has been in the current economic cycle.

Your Last Minute Payrolls Preview

  • US Change in Nonfarm Payrolls (June) M/M Exp. 180K (Low 50K, High 243K, Prey. 38K, April. 160K)
  • US Unemployment Rate (June) M/M Exp. 4.8% (Low 4.7%, High 4.9%), Prey. 4.7%, April. 5.0%
  • US Average Hourly Earnings (June) M/M Exp. 0.2% (Low 0.1%, High 0.3%), Prey. 0.2%, April. 0.3%

Europe's Bank Crisis Arrives In Germany: €29 Billion Bremen Landesbank On The Verge Of Failure

It appears that some shipping loans gone bad could be the catalyst for Europe's banking crisis to finally breach the most impenetrable border of all, that of Germany. Because it is in Germany where we find what may be the next domino to fall as part of Europe's latest banking crisis incarnation: Bremen Landesbank, whose contingent convertible bonds have just cratered as a result of speculation that the bank's bailout is suddenly in jeopardy. 

European Stocks Storm Higher As Bank Fears Subside; US Futures Flat

After yesterday's afternoon surge in US stocks, facilitated by the "uncertain" Fed's FOMC Minutes, today the rest of global market are playing catch up with European stocks rebounding from one week lows, snapping the longest losing streak in three weeks, as well as Asia where most stock markets climbed, led by gains among energy producers as crude prices advanced, while a stronger yen weighed on Japanese shares.

Gundlach: "When Deutsche Bank Goes To Single Digits People Will Start To Panic"

"Banks are dying and policymakers don’t know what to do. Watch Deutsche Bank shares go to single digits and people will start to panic... you'll see someone say, 'Someone is going to have to do something'." Jeff Gundlach said on Wednesday that gold remains the best investment amid fears of instability in the European Union and prolonged global stagnation “Things are shaky and feeling dangerous,” Gundlach said. "I am not selling gold."