DEUTSCHE BANK ON THE BRINK OF COLLAPSE ! Tough Times Ahead – Prepare Yourself Accordingly

Saturday, October 29, 2016
By Paul Martin

Amber William
MyDailyInformer.com
October 28, 2016

DEUTSCHE BANK ON THE BRINK OF COLLAPSE
Bad news could spark a sell-off contagion that could lead to another global financial meltdown and a bail out by Angela Merkel’s government despite her opposition to German state intervention.

Analysts are warning that ultra high frequency trades triggered by machines could lead to a perfect storm and could have serious knock-on effects for other banks exposed to the firm’s risky assets book.

Germany’s largest lender has been hit by unprecedented sell-offs losing 52 per cent of its value in just a year and is struggling to ward off its crisis.

The bank has announced massive job cuts ahead of a £11.4billion fine from the US Justice Department.

And it has been muted that up to 5,000 jobs could go in America alone.

Now investors, including their biggest stakeholder Qatar, are said to be on edge as they get set to reveal their latest financial data. Deutsche Bank AG on Thursday posted an unexpected profit and set aside more cash to cover litigation costs amid talks aimed at settling mortgage-securities probes with U.S. authorities.

Third-quarter net income was €278 million ($303.1 million), beating analysts’ average expectations for a net loss of around €610 million. That compared with a net loss of €6 billion during the same period last year, driven by billions of dollars in write-downs as part of a companywide restructuring.

In the latest stunning development involving a documented failure of a bank to deliver physical gold when demanded, yesterday we reported that according to German website godmode-trader.de, a client of the Xetra-Gold Exchange-Traded Commodity was told the fund’s designated sponsor, Deutsche Bank, would be unable to deliver the requested gold. This was contrary to the explict reps and warrantiesmade explicitly in the Xetra-Gold’s prospectus, which said that investors are entitled to the delivery of the certified amount of physical gold at any time, and proudly added that “since the introduction of Xetra-Gold in 2007, investors have exercised this right 900 times, with a total of 4.5 tons of gold delivered.”

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