Deutsche Bank

Tyler Durden's picture

Frontrunning: March 27





  • What bread... What circuses... JPMorgan Chase Faces Full-Court Press of Federal Investigations (NYT)
  • European Regulators to Charge Banks Over Derivatives (WSJ) ... but forgive us if we don't hold our breath
  • Cyprus readies capital controls to avert bank run (Reuters)
  • Damage ripples through Cypriot economy (FT)
  • G4S readies guards as Cypriot banks prepare to open (Reuters)
  • Global pool of triple A status shrinks 60% (FT)
  • Customers Flee Wal-Mart Empty Shelves for Target, Costco (BBG)
  • BOE Says U.K. Banks Have Capital Shortfall of $38 Billion (BBG)
  • U.K. Banks Facing Capital Shortfall (WSJ)
  • Cyprus Details Bank Revamp (WSJ)
  • Kazumasa Iwata Joins Kuroda Naysayers as BOJ to Meet (BBG)
  • BRICS Nations Need More Time for New Bank, Russia Says (BBG)
 
Tyler Durden's picture

Here We Go Again: EU Lawmaker To Push For Bail-In Resolution Law For Deposits Over €100K





Here we go again:

EUROPEAN PARLIAMENT TO PUSH FOR DEPOSITORS WITH ABOVE 100,000 EUROS TO FACE BAIL-IN UNDER NEW BANK RESOLUTION LAW - EU LAWMAKER - RTRS

Basically, this is DieselBOOM ver 2.0. How long until someone scrambles to announce that this, too, was taken out of context?

 
Tyler Durden's picture

Cyprus - To Template, Or Not To Template: That Is The Wall Street Question





After one of the most fabulous verbal faux pas in recent history was committed yesterday, in which the truth briefly escaped the lips of the new Eurogroup head who still has to learn from his masterful "when it becomes serious you have to lie" predecessor and ever since both he and all of uber-incompetent Europe have been desperate to put the genie back into the bottle to no avail, everyone has been caught in a great debate: to template, or not to template?  Below is a summary of Wall Street's thinking on this key for so many European (and soon global) depositors.

 
Tyler Durden's picture

Frontrunning: March 25





  • Cyprus Salvaged After EU Deal Shuts Bank to Get $13B (BBG)
  • Last-minute Cyprus deal to close bank, force losses (Reuters)
  • Anxious, angry Cypriots face uncertain future (Reuters)
  • Spain Brings the Pain to Bank Investors (WSJ)
  • First Switzerland now... U.S. Seeks Answers in Liechtenstein on Tax Cheats (BBG)
  • Rebel Free Syrian Army founder loses leg in Syria blast (Reuters)
  • European Stocks Rise on Cyprus Deal as Italian Bonds, Crude Gain (BBG)
  • Michael Dell Likely to Sweeten Buyout Bid to Save Legacy (BBG)
  • Bankers’ pay premium is narrowing (FT)
  • Surgery Restoring Penis After Prostate Cancer Increasing (BBG)
  • Silent or supportive, conservatives give gay marriage momentum (Reuters)
 
Tyler Durden's picture

Frontrunning: March 22





  • Cyprus targets big depositors in bank plan  (FT)
  • Merkel Vents Anger at Cyprus Over Bailout Plan as Deadline Looms (BBG)
  • Russia rebuffs Cyprus, EU awaits bailout "Plan B" (Reuters)
  • Russia Rejects Cyprus Bid for Financial Rescue as Deadline Looms (BBG)
  • Cyprus unveils shake-up as the clock ticks (FT)
  • Remember Italy? Italy’s stalemate unnerves investors (FT)
  • Credit Suisse CEO pay jump to fuel banker bonus debate (Reuters)
  • Kuroda Rebuts Reflation Naysayers as BOJ Action Looms (BBG)
  • Fund Manager Says 'Whale' Trade Was a Bet (WSJ)
  • House averts government shutdown, backs Ryan budget (Reuters)
  • Hong Kong Homes Face 20% Price Drop as Banks Raise Rates (BBG)
 
Tyler Durden's picture

Frontrunning: March 21





  • Euro zone call notes reveal extent of alarm over Cyprus (Reuters)
  • Stagnant Japan Rolls Dice on New Era of Easy Money (WSJ)
  • Cyprus, European data batters shares and euro (Reuters)
  • UK cuts taxes to revive stagnant economy (FT)
  • "Quality Control" Rat Body Linked to Blackout at Fukushima (NYT)
  • North Korea issues fresh threat to U.S., South probes hacking (Reuters)
  • South Korea Says Chinese Code Used in Computer Attack (BBG)
  • Osborne paves way for Carney to retool Bank of England (Reuters)
  • Carney Gets ‘Escape Velocity’ Mandate With Limiter (BBG)
  • Osborne Pledges Five More Years of U.K. Austerity (BBG)
  • Bernanke Saying He’s Dispensable Suggests Tenure Ending (BBG)
  • Senate Passes Bill to Fund Operations (WSJ)
 
Tyler Durden's picture

Frontrunning: March 20





  • Cyprus works on Plan B to stave off bankruptcy (AP)
  • Cyprus seeks Russian bailout aid, EU threatens cutoff (Reuters)
  • Freddie Mac Sues Multiple Banks Over Libor Manipulation (BBG)
  • Bernanke Seen Keeping Up Pace of QE Until Fourth Quarter (Bloomberg)
  • Italian president seeks way out of political stalemate (Reuters)
  • Chinese factories struggle to keep staff (FT)
  • South Korean banks, media report network crash (CBC)
  • BlackBerry Inventor Starts Fund to Make Star Trek Device Reality (Bloomberg)
  • Osborne Should Be Fired, Voters Say in Pre-Budget Poll (Bloomberg)
  • Obama Begins First Visit to Israel as President (WSJ)
  • Anadarko finds ‘potentially giant’ oilfield (FT)
  • Britain's Osborne boxed in by austerity on budget day (Reuters)
  • MF Global reaches agreement with JPMorgan (FT)
 
smartknowledgeu's picture

Will 2013 Be 2008 All Over Again?





In 2013, we are receiving the same banker and mass media propaganda that we heard in 2008. The stock markets are okay, economies are recovering, blah, blah, blah. However, do any of the facts support the propaganda? For example, this “bullish” US stock market has not even recovered to the levels of October, 2007. And even, if more QE, more HFT low-trading volume rigging can rig US and other western markets higher, do rising stock markets even matter if the growth of stock markets are less than

 
Tyler Durden's picture

Frontrunning: March 19





  • Cyprus parliament ready to veto deposit tax (Reuters)
  • Power still out at damaged nuclear plant in Japan (AP)
  • CS' Dougan Calls Bankers Out-Earning Investors Unsustainable (BBG)
  • Citi in $730 Million Pact on Debt Suits (WSJ)
  • Bernanke Tightens Hold on Fed Message Against Hawks (BBG)
  • India Central Bank Cuts Lending Rate (WSJ)
  • ECB role in bailout comes under scrutiny (FT)
  • Putin Buddy Gets $7 Billion of Deals for Sochi Olympics (BBG)
  • BlackRock to Cut About 300 Jobs in Fink’s Reorganization (BBG)
  • Trade, economy top agenda as China's Xi meets U.S.'s Lew (Reuters)
  • Late Winter Storm Threatens Heavy Snow for Northern New England (BBG)
  • China Foreign Investment Rebounds as Confidence Returns (BBG)
  • Republicans differ on flexibility on taxes with Obama (Reuters)
 
Tyler Durden's picture

Frontrunning: March 18





  • Cypriot Bank Levy Is ‘Ominous’ for Bondholders, Barclays Says (BBG)
  • Euro, Stocks Drops; Gold, German Bonds Rally on Cyprus (BBG)
  • Total chaos:Cyprus tries to rework divisive bank tax (Reuters)
  • More total chaos: Cyprus Prepares New Deposit-Tax Proposal (WSJ)
  • Euro Slides Most in 14 Months on Cyprus Turmoil; Yen Strengthens (BBG)
  • Osborne to admit fresh blow to debt target (FT)
  • Even the Finns are giving up: Finnish Government May Relinquish Deficit Target to Boost Growth (BBG)
  • Moody’s Sees Defaults as PBOC Warns on Local Risks (BBG)
  • Australia Faces ‘Massive Hit’ to Government Revenue, Swan Says (BBG)
  • Inside a Warier Fed, Watch the New Guy (Hilsenrath)
  • Obama to Tap Perez for Labor Secretary (WSJ) - and with that the "minorities" quota is full
  • Finally, this should be good: BuzzFeed to Launch Business Section (WSJ)
 
GoldCore's picture

Gold And Silver Manipulation At London AM Fix Or New York COMEX?





 

Retail investors are piling into the stock market again in the false belief that the worst of the economic crisis is over. Alas, those who are not properly diversified may again be in for a rude awakening.

The CFTC’s very unusual announcement through “people familiar with the matter” that it is examining various aspects of gold and silver price fixings in London, including whether they are sufficiently transparent, continues to be digested.

 

 
Tyler Durden's picture

Landlord Blackstone Rushes To Capitalize On Housing Bubble By Launching First Ever REO-To-Rent Securitization





In addition to the phenomenon of "foreclosure stuffing" described here extensively before, one of the main reasons for the artificial drop in housing supply has been the ongoing government-subsidized, GSE/FHFA endorsed REO-to-Rent initiative, through which large asset managers have been encouraged to take advantage of government funded, risk-free financing and purchase foreclosed properties in bulk, with the intention of converting them into rental properties. The REO-To-Rent has traditionally been open to the biggest of financial companies, or at least those who don't have the stigma of legacy mortgage origination resulting in billions in litigation reserves, which means mostly hedge funds and PE firms. One of the main players in the space, Och-Ziff, decided to pull out of the landlord business in October of last year because, as Reuters reported, "the returns it is generating from rental income are less than expected and it is looking to take advantage of a recent rebound in home prices in northern California." In other words, selling while the selling is good. Of course, there is another, far more traditional way to offload risk while preserving some of the upside: dump the balance sheet exposure to others while giving them a fraction of the potential upside yield. This is precisely what the big banks were doing during the last housing bubble when massive residential mortgage-backed security portfolios were packaged, spliced, securitized (sometime without the feedback of firms like Paulson pre-shorting the MBS courtesy of firms like Goldman) and sold off to other yield-starved investors. Everyone knows how that ended. So fast forward to today, when this final missing link from the credit and housing bubble is finally here too, following news that mega-PE firm Blackstone is pushing forward with the first ever REO-To-Rental securitization.

 
Tyler Durden's picture

CFTC Investigating London Gold, Silver Price Fixing For Manipulation





Years after the CFTC, under the leadership of Goldman's Gary Gensler, theatrically agreed to investigate whether the price of precious metals was manipulated during trading - whether systematically or ad hoc - only to let that inquiry fizzle and drop the whole idea proclaiming there is manipulation, the commodity futures regulators are once again taking a look at shady activities originating at London. Or rather, it is "discussing internally" whether the daily London gold and silver price fixing is open to manipulation.

 
Tyler Durden's picture

Frontrunning: March 13





  • More black smoke over Vatican: No decision on pope in second day (NBC)
  • PBOC Chief Says China Should Be on ‘High Alert’ on Inflation (BBG) - just as predicted last fall
  • California Seizes Guns as Owners Lose Right to Keep Arms (BBG)
  • U.S. Tax Cheats Picked Off After Adviser Mails It In (BBG)
  • In 2012, Samsung spent $401 million advertising its phones in the U.S. to Apple's $333 million (WSJ)
  • Coca-Cola probed over mapping in China (FT) - accused of ‘illegally collecting classified information’
  • Italy's Bond Sale Meets Tepid Demand (WSJ)
  • U.S. Steps Up Alarm Over Cyberattacks (WSJ)
  • Mugabe takes on Zimbabwe's Generation X (Reuters)
  • Mars Rover Finds Conditions Once May Have Supported Life (BBG)
  • Oil demand hit by China refinery outages (FT)
  • Big Sugar Is Set for a Sweet Bailout (WSJ) DOA to buy 400,000 tons of sugar to stave off a wave of defaults by sugar processors
  • Spectre of stagflation haunts UK (FT)
  • As Republicans seek identity, conclave highlights divisions (Reuters)
 
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