Germany And Spain’s Biggest Banks Report Stunning Losses, China Averts Massive Bank Defaults, People Losing Trust In Banks – Withdrawing Deposited Money At Record Rates. BILL GROSS: Time Is Almost Up!!

Thursday, January 31, 2013
By Paul Martin
January 31st, 2013

Germany and Spain’s biggest banks report stunning losses

Deutsche Bank Reported An Unexpected $3 Billion Loss

FRANKFURT, Germany (AP) — Reducing the value of assets and lawsuit expenses pushed Deutsche Bank into a big and unexpected fourth quarter loss of €2.15 billion ($2.91 billion).

The net loss for the October-December period compared to a €186 million profit a year ago. Analysts surveyed by FactSet expected a bare profit of €62 million.

Deutsche Bank is reshaping its business to meet new regulatory requirements for banks to keep larger financial buffers against losses in the wake of the 2007 financial crisis.

The Eurozone’s Biggest Bank Posts A Stunning $26 Billion Write-Down

The Rest…HERE

Leave a Reply

Support Revolution Radio

For a limited time only, your donation get you a special perk. Every $30.00 donation gets you a fancy "say no to Government Hat". Every $20.00 donation gets you the same, but on a wonderful coffee mug. Just click the button below and give till it hurts...