Deutsche Bank Trading Revenue PLUNGES 30% – Time Is Running Out!
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent 30% plunge in Deutsche Bank’s trading revenue.
Deutsche Bank has had some serious problems for a long time. One of the most manipulative banks in the world, Deutsche Bank’s derivatives madness has a timer and that timer is running out.
WAM has been reporting on Deutsche Bank for 2 years as the bank has gone through a 75 trillion dollar derivative exposure and countless lawsuits.
We called them the next Lehman Brothers long ago and we stick by that prediction, but Deutsche Bank isn’t alone in that title.
Deutsche Bank settled lawsuits in 2016 regarding their manipulation of gold and silver prices alongside banks such as HSBC, Scotia Bank, PNB Paribas, Bank of America and many other. They’ve been sued for running an international criminal organization. To say the least, they’re far from ethical.
Now with this recent trading revenue plunge the forecast doesn’t look too good. In fact it looks like a hurricane of epic proportions is coming their way and is sure to bring down their depositors and creditors too.
They’ve been holding themselves up with massive manipulative practices. The derivatives market. Their credit default swaps have dropped from about 232 to around 88 since the beginning of the year.
John Cryan, the CEO is likely to be replaced soon and as Markus Riesselmann, an analyst at Independent Research in Frankfurt (who has a buy reco on the bank) says,
“These aren’t the kind of numbers you want to keep seeing. The longer this goes on, the harder it gets to believe management’s hopes for a recovery. We cannot see another two or three quarters like this.”
Of course the last few quarters have been excruciating for Deutsche Bank. Deutsche Bank’s Q3 2017 revenues were €6.78 billion, below market expectations of €6.88 billion. The share price fell 2.7% shortly after the European market open. Trading revenue was down 30% year-on-year to €1.512 billion versus €2.162 billion in Q2 2017. Trading revenues in Q2 2017 fell 18% year-on-year to 1.666 billion euros versus 2.027 billion euros.
Talk about insane!
We will continue to cover this issue as it no doubt unfolds! Stay tuned!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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