Deutsche Bank

These Are The Banks That Would Be Hardest Hit In The Event Of A Brexit

The problems that UK banks will encounter would be twofold: they would potentially lose access to European markets; and the next wave of concern would be presumably a weaker pound accompanied by higher interest rates - the latter hurting those who are already highly indebted. With Brexit odds at an all-time high, here is a succinct overview of the banks that would be the most affected should the UK vote to leave.

"There Is A General Softening In The Consumer's Ability To Pay" - Why Credit Card Companies Are Crashing

On the day in which the government reported modestly stronger than expected retail sales for the month of May, signalling a return to strength for spending and the US consumer - the driving force behind 70% of US GDP - a far more ominous statistic was revealed by credit card company Synchrony Financial, which earlier today announced in a regulatory filing that it expects write-off rates to climb 20 to 30 basis points over the next 12 months, and will increase reserves for soured loans beginning this quarter.

Here They Come: ECB Pledges To Bailout Markets In Case Of Brexit

The European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union, officials with knowledge of the matter told Reuters. "there will be a statement to do whatever it takes to maintain adequate market liquidity."

Deutsche Bank Throws In The Bullish Towel, Says "Next 5% Move Is Likely Lower"

With Morgan Stanley, JPM, BofA and even Goldman Sachs having thrown in the towel on the ongoing stock market ramp, inspired in equal part by HFT momentum strategies, central banks, and a relentless short squeeze, Deutsche Bank's equity strategist, who until now valiantly was cheerleading to bullish case, has finally waved the white flag of surrender and in an overnight note admits that "the 5% move is likely lower."

Frontrunning: June 13

  • Chaos, Carnage Amid Orlando Rampage (WSJ)
  • FBI Twice Probed Orlando Gunman (WSJ)
  • How the Orlando Shooting Unfolded (WSJ)
  • Brexit fear factor sends stocks spinning (Reuters)
  • Pound Judgment Day Means Either D

Why Are So Many Bankers Committing Suicide?

"Yes he killed himself. But there’s a question: could it be suicide by extortion... There’s a couple suspicions I have..." - son of Deutsche Bank exec William Broeksmit

Want To Make Money Trading FX? Just Wake Up At 3AM

Why wake up at 3am Eastern, or when the London session begins? Because that's when a clearly documented pattern of strength in the USD versus European crosses emerges, followed by a traditional subsequent reversal during the NY session, one which is worth between 2-3bp in each direction, if timed correctly. Do this a few hundred times per year with some leverage, and there's your 2 and 20 model right there.

European Banks Are Crashing

From Deutsche Bank to Credit Suisse and from Barclays to Banco Popolare, the European banking system is getting battered this week with today's plunge the biggest in 4 months...

Bundesbank Warns Of "Abrupt Surge" In Risk Premia, Asset Bubbles

The Bundesbank joined the fray between Deutsche Bank and the ECB, when Jens Weidmann warned that an extended period of low interest rates could increase the risk of a sudden surge in risk premiums, and policymakers should consider the implications of financial imbalances, translation: "the ECB is blowing bubbles."

Global Stocks Sharply Lower As Bond Yields Hit New Record Lows; Oil Slides Below $50

Global stocks, U.S. index futures are sharply lower pressured by fears of another day of record low bond yields, as investors start to worry about numerous risk catalysts in the coming weeks, from the Brexit vote to Fed meeting. The Dollar spot index rose for the second day in a row, pushing commodities lower for their first two-day decline since May 24, while WTI has dipped back under $50.

A Day In The Life Of Several Hundred Laid Off Nomura Traders

They made their way in dribs and drabs. Hundreds of displaced bankers, shuffling up Suffolk Lane to All Bar One and along Upper Thames Street toward the Folly, the only pubs in the City of London open that early on an overcast Tuesday morning. One group of traders was threatened with dismissal after being caught on closed-circuit TV stealing candy from a vending machine. The shell-shocked men and women sipping pints and consoling each other had become part of a growing population. Faced with a toxic blend of zero-interest rates, stiffer capital requirements and a collapse in trading revenue, banks have announced large cuts to their European operations in recent months.