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Soph0571

(9,685 posts) Mon Jul 8, 2019, 04:47 AM Jul 2019

Deutsche Bank staff 'sent home' as 18,000 job cuts begin

Source: The Guardian

Deutche Bank CEO: We were trying to do too much
Deutsche Bank is holding a conference call with the media now.

CEO Christian Sewing is explaining that Deutsche Bank spread itself too thinly across banking, as it tried to compete with Wall Street investment banks while also offering private and commercial banking services.

Read more: https://www.theguardian.com/business/live/2019/jul/08/deutsche-bank-staff-18000-job-cuts-restructuring-asia-london-business-live

Live updates at the link.

This has been a long time coming

9 replies

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Highlight:

Deutsche Bank staff 'sent home' as 18,000 job cuts begin (Original Post) Soph0571 Jul 2019 OP

The banksters are in the process of making their getaway. democratisphere Jul 2019 #1

Translation: Scarsdale Jul 2019 #2

+1 oasis Jul 2019 #6

'Something happening here. What it is, ain't exactly clear.' empedocles Jul 2019 #3

Yeah, they have a license to steal, courtesy of S.E.C. and other agencies. 3Hotdogs Jul 2019 #4

Gotta wonder if it's the staff directly involved in sending court ordered material to FailureToCommunicate Jul 2019 #5

Are they divesting their money laundering assets OR angstlessk Jul 2019 #7

They have a massive derivatives position - $43 Trillion in the 2018 financials OnlinePoker Jul 2019 #8

NOTHING TO SEE HERE PEOPLE! NO CORRUPTION! NO COLLUSION! Brainfodder Jul 2019 #9

democratisphere

(17,235 posts)

1. The banksters are in the process of making their getaway.

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 05:32 AM

Jul 2019

Big banks for profit should not be allowed to exist.

Scarsdale

(9,426 posts)

2. Translation:

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 06:16 AM

Jul 2019

without Russian money laundering, we have severely reduced funds.

oasis

(49,389 posts)

6. +1

Reply to Scarsdale (Reply #2)

Mon Jul 8, 2019, 08:00 AM

Jul 2019

empedocles

(15,751 posts)

3. 'Something happening here. What it is, ain't exactly clear.'

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 06:38 AM

Jul 2019

3Hotdogs

(12,391 posts)

4. Yeah, they have a license to steal, courtesy of S.E.C. and other agencies.

Reply to empedocles (Reply #3)

Mon Jul 8, 2019, 06:49 AM

Jul 2019

Then their tits are caught in the wringer.

FailureToCommunicate

(14,014 posts)

5. Gotta wonder if it's the staff directly involved in sending court ordered material to

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 07:30 AM

Jul 2019

investigators about Trump's Russian money laundering deals.

"Oh, sorry Congress, we are running out of people to assemble what you've asked for."

angstlessk

(11,862 posts)

7. Are they divesting their money laundering assets OR

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 08:06 AM

Jul 2019

their NON money laundering ones?

Scenario...paper shredders going overtime in their offices, and
people shredders aka wood chippers posted at the exits?

Considering many see $$$ in book publishing.

OnlinePoker

(5,722 posts)

8. They have a massive derivatives position - $43 Trillion in the 2018 financials

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 12:02 PM

Jul 2019

It's worse than anything before the 2008 crisis. All it would take is defaults to start occurring to unravel the whole mess. This is probably why they're creating a "bad bank" to take on all of this paper. When it collapses, it won't take the parent bank, just the subsidiary.

Brainfodder

(6,423 posts)

9. NOTHING TO SEE HERE PEOPLE! NO CORRUPTION! NO COLLUSION!

Reply to Soph0571 (Original post)

Mon Jul 8, 2019, 12:54 PM

Jul 2019

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