Deutsche Bank: A giant in crisis | Made in Germany
2016 ж. 12 Шіл.
114 813 Рет қаралды
Germany's biggest bank is cutting thousands of jobs. Despite the streamlining measures, it cannot shake off the negative headlines. Our reporters take a look behind the scenes.
More from this edition of Made in Germany: www.dw.com/en/made-in-germany-...
Deutche Bank - Lehman Brothers 2.0
Lehman Brothers x10
Squared
How do I get one of those jobs sitting and looking out the window?
And this week you be looking from outside at that window.
You can be a left-wing politician.
@@mindfreakzero2 even the opposite. You need to have several properties, from which most should be fixed during your upbringing: - no spine - no own will, except the will to put your pocket full of money - no social concerns, or even awareness - know how to bypass the laws and being ruthless in doing so - know how to empty talk using terms of bullshxt bingo (leverage, win-win, fastrack, empower, game plan, roadblock, etc.) - The elite: Knowing how to smash a company at the wall ... and still exit with a 150 million $ bonus!
Study hard in college. Be a good person.
Well it is FINALLY getting busted.
When this collapses, every Governments around the world will say- " GEEZ WE DIDNT SEE THIS COMING o well it's a once in a lifetime event.
DB has $72 trillion in derivatives. It is done.
Really done...
Matt Nelson, doesn’t mean that all the derivatives are going to default. I think that number is blown out of proportion from what its negative free roll may actually be. But still a lot
Hey Matt How do you know this? Where does 72trill. $ figure come from?
Well done
Heres an idea. Privatize it and make it a non-profit public utility to serve the people instead of reckless speculation, rampant corruption and rigging markets and becoming TBTF where profits are privatized and losses are socialized.
The exact tactics my boss did at my old job. If he wanted you gone (for whatever reason) but didn't want to fire you, he'd take as much responsibility and challenging assignments away to the point you're just doing repetitive and mundane tasks that you eventually quit then it was *_"well, you decided to quit so that's on you"_* Did that to a number of people (i.e. people who had decades with the company to promising hires that just didn't pan out)
the Greatjon that’s fine I would just read news articles all day
@@KeithMetoyer I did exactly that. Just play video games at home. Eventually they fired me after 3 months with taking home an additional 6 months of pay. I took a fun job 1 month later haha.
We are on early stage of economic & financial crisis
southern eu countries will pay to bail this bank out thats what more integration federalisation is all anout.
I am pleasantly surprised by DW for stating the obvious (in our day and age main stream media is so out of touch that even to state the obvious is an accomplishment worthy of praise!). However, the 'problems' in Deutsche Bank are not simply a result of bad management and a general downturn in banking. Deutsche Bank has been allowed to accumulate derivative debt as if there is no tomorrow by the German Government. It is the lack of regulation and the ability to 'hide' debt which was gifted to all German banks but especially to Deutsche because the German Public is not only financially illiterate (as are all other EU peoples) but also notoriously gullible and easily impressed by large and seemingly sound institutions. Whether the behemoth of derivative exposure amounts to 'only' $25 TRILLION or if it is nearer the $60 TRILLION mark is irrelevant in this case. Even if there are 'only' $25 TRILLION (that is 25,000 BILLION Dollars!) in toxic derivatives (and supposing Deutsche Bank would wish to balance its sheets and clear this debt) it would require twenty to thirty extra 'Germanys' growing at double digit rate year on year for at least a decade. Alternatively Germany could colonize the planet Saturn and create a prosperous economy for 2 Billion People and allow only Deutsche Bank to operate there. In short, this ship is going down and the clever rats will jump off the ship just in time.
Backdoors cost?
time and money would be better spent devising a transition period, where you could retire DB, and implement competition incentives for other bank to grows, with regulations this time..
Almost 40,000 employees. 10,000 alone in the U.S. slow motion train wreck.
Wenn Sie mich brauchen, kontaktieren Sie mich bitte unter meiner WhatsApp-Nummer +591 62586364
too swiss
I'm so sorry for the innocent employees to be made redundant through no fault of their own.
Under $5 a share now.
Restructuring ... r-i-g-h-t-t??
Why are they in crisis? Why are they cutting jobs? Why are they in the red? Why does DW ignore these important questions? The pattern in German media is to 1) identify the key issues and 2) avoid discussing them at all costs.
Without knowing for sure, I'd guess mismanagement of investments, over leveraging and excessive risk assumption with other people's money. All banks do it. Same story, different day.
I’ll bet that doing business with trump is when the investigation begins. Where there is smoke there is probably a fire.
This is from a reportage from TV ( i don't remember which TV-Station) => DB buy ~20% of all Foreclosure Houses in the US market and resale them by paper to a new fond. The houses are never resale and the are ruinous. search at (House grabbing), (robot signed) etc. this is no joke. In sum the resale the Risk of the House owners the have a loan from the Bank and making money with this method. In other words they resale the risk of the loans from each House and the interest thing is a reason for this foreclosure is that the income from the family is not constant enough. If you have different incomes every month like a business man then they kick you out of the Contract. You want pay your loan back but the Bank don't accept this payment. unbelievable!
Duetche bank has to turn over bank account information to investigators in Europe. Take a dill guess who one of those customers are?
18500 job loss worldwide ...started in Australia Hong Kong and South East Asia..if the merger with Commerzbank would succeed, more than 35000 people would lose their jobs
This has been coming for years and really is no surprise at all. People at the top get far too much money and seeing as how more and more trading is done online there will even more cuts. The best investments are to be made in land, bricks & mortar and probably gold. To be honest I don't really care, I make money by repairing peoples homes but I use traditional methods and materials and there will always be a demand for these because they last the longest and are much better for the environment because they are less toxic than modern building materials. Back when Iceland's banks got into trouble an American prosecutor was hired to get their greedy bankers and all those found guilty were jailed, so why can't the US do this with all those who knowingly sold Sub-Prime mortgages or CDS's or the worthless triple 'A' rated shares? Another bunch that should be responsible are those who helped and encouraged DEREGULATION or the Investment bankers who managed to get out with all their money intact, the CEO's and any of those advising George Bush jnr's government, or how about Senator Phil Gramm, chairman of the banking committee whose wife Wendy had served on the board at ENRON, he must have known something. Or people like Hank Paulson former CEO at Lehman brothers. Or Glenn Hubbard (Bush's Chief economics advisor and former Dean of Columbia business school) or Garry Gensler (who helped to ban the regulation of derivatives), in fact, why not all those who have ever been at the top of the SEC. The SEC (security & exchange commission) was set up in the 1930's after the Wall Street crash to stop these things from happening ever again. How about any Rating agencies, they were paid money by investment banks to evaluate CDO's (collateralised debt obligation) which were given triple A rated status and suddenly very desirable especially to retirement funds who could only buy highly rated securities. But the real rot started when the banks were de-regulated in the early 80's. Later there was the Sub-Prime racket and all those who made money from that should be culpable because they were lending money to folks who could never pay it back. It's high time that the punishment fits the crime and so far this has not happened, and it never will because governments are in the hands of the banks which is why they have never been called to account.
Oh my, poor krout bank workers.
Es sagt wenn du nicht prodizent bist, wann mann eralrger die debit aus erlieben konzepten
IMF say "Deutsche Bank Poses The Greatest Risk To the Global Financial System". Every important bank in the world depends on the DB. Please check this article: www.zerohedge.com/news/2016-06-29/imf-deutsche-bank-poses-greatest-risk-global-financial-system
I have a very bad feeling about this
strange they did not flush this out back in 2008
We need to buy Gold/Silver to beat these bankers. Don't keep everything in paper currency i.e sterling or euros. Diversify for your own sake!!!!!!!!!
I have been stacking regularly since 2013. Very pleased with it.
Watching this video now as this bank burns to the groud😂😂😂😂😂
who will pay to bail that out ???
Not "CRISIS," "CRASH."
But hey, the top players will be o.k. , so there's that.
How does this save the bank. Back the bank with gold
Hope everyone has a gold and silver stack.
€6.07 and dropping!!!
High ranking DM bankers quit their jobs in Tokyo!!..Reports Bloomberg
Mystery Buyer, have some silver, gold out of reach how about you ?
@@tobybrown1179 1307 oz silver 4 oz gold. Gold is hard to afford. I just buy it by the tenth ounce or quarter ounce at a time. I still want more gold. Probably 10 ounces total. I mostly temporary stopped buying silver at this point and am diverting the money to just gold.
Mystery Buyer , I have little over 500 ounces of silver. Thought this was a good amount 🤤
Lost money when the world economy was going well. One little falter and the whole bank will collapse, followed by everything else.
They have the worse services ever. I am a customer in germany and they blocked my account for 3 months now. i cant use my money i have 5000 euros in my account. i have sent all the documents requested, even the visa office faxed them the documents. i have to pay my college fee and the last date is 9 feb
Home of manipulative activities
This is why I buy gold and made a precious metals youtube channel. Things like this are going to snowball into a recession. See my strategy’s for hedging
Today it died.
love of money...Greed kills everything
Saeli is an MMHs dog
this bank will be Lehman Brothers 2.0
This people think we dont know their ripoff shemes they plan in close doors
Dali su vodeci ljudi zamjenjivi!?
this bank killed greek economy 😠😠😠
please save jobs everything is destroyed
BTC
jamaica jurisdiction
Van Deutsche naar ABN...
Next time stand up when top management does shonky business agains costumers , so you do not need to blame no one else but your self or your organization!
bad news:(
cashless society please
be careful what you wish for!
deutsche bank. shaping the future of tomorrow.
Ouch ! Deutsche Bank is Kaput ! Red Toady Donny maybe mortgage special favors for next 4 years... now he's in default 🤪 schadenfreude !
OLD NEWS MOVE ON
Deutsche Bank for the win!
Les agradecería se pusieran en contacto conmigo,a través de mi miel,o dejen de enviar correo a mi dirección a nombre de una persona que no vive aquí,todas las cartas van a la basura,ahorren papel.
Why does it owe $7,5 billion to the Justice Department in fines? It is a criminal organization.
I love this web video and building, I love the Euro and I started Pandora. My name is Joshua Aaron Sanchez
Kaput Deutschland Rip !
Operation- Lehman’s brothers 3.0 Code name - Duitche bank kaput. Grandma machen scheise. 🥳
You people are delusional. Deutsche will not go under as it is systemically too important. The their derivative book is meaningless. If it blows the bank simply will not pay and the banks who hold the counter party risks simply will not write off the loss and mark to market as nobody has been following the GAAP accounting rules since 2008/9. Same as the last financial crises with the mortgage defaults and now the banks not writing down bad energy loans. The reality is this. Since most derivatives involve protection from high interest rates central banks in the US, the EU and Japan have been keeping rates low so the derivatives can expire worthless eliminating all counter party systemic risks. Interest rates will only rise when the majority of derivatives have expired since they are written for a fixed period of time. The fear porn about derivatives taking down the the whole banking system is just that. Banks that are in trouble in the EU because of the ECB's negative interest rate policy where banks have to pay the ECM to park funds. and it has nothing to do with derivatives. That is why a record number of banks from Europe have set up branches in the US so they can park funds at the FED and receive at least a positive interest rate. The derivative nonsense is promoted by the precious metals promoters wanting to scare you into buying gold and silver. They also use the fear porn that the Comex will default which is nonsense to because it is a futures commodity market and not a physical market and the majority of trades are settled in cash just like any other futures market. Crude oil futures traders don't want a tanker parked in their back yard and the majority of traders don't want the associated delivery and storage cost with taking physical delivery of metals. The only people who buy into this nonsense is those that have no experience in trading the financial markets so they don't understand how they truly function!
jimsjoe1: and you think trillions in derivitive losses that go unpaid won't make a difference and won't bury many of the largest banks?
Short banks, buy Bitcoin
When the EURO collapses, these are the Scriptures that show the financial collapse: Psalms 46: 4-6 Ezekiel 7: 19 Revelation 18: 17 James 5: 1-3 Isaiah 2: 18-20 Isaiah 55: 1.
Pull your money out and buy crypto.... Its coming people..
It lacks stability.. The only advantage of BTC is blockchain and that is available to all people, including the banks. Banks (big brother) can make their own blockchain coin any day and back it up with actual money.
Exactly Oman. JP Morgan is doing just that with their own Crypto.
everything with nazi roots in europe will be in a crisis in next decades
Trump owes Deutsche Bank tons of money