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Post by ravey123 on Jul 8, 2019 19:17:37 GMT
Now this is not a Brexit post but 18,000 jobs being cut worldwide to save money.
It was reported that there were around 600 employees in the UK alone who earned over £1m last year - bloody mental. No wonder they need to make savings.
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Post by telfordstoke on Jul 8, 2019 19:21:34 GMT
Seems mental doesn’t it. Never nice to see news reports with people turning up to work and being turfed out mere hours later.
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Post by Boothen on Jul 8, 2019 19:33:07 GMT
Yeah, it's not great that. Back in the mists of time something similar happened to a company I was working at, albeit on a much smaller scale. Turned up for work as per usual on the Monday morning, then when the bosses strolled in a few hours later they announced that the company had been sold to a foreign firm (German if I remember correctly) and that the factory will be closing down and everyone will be out of a job by Thursday. To be honest I don't think they really thought that one through as quite a few told them to stick the job there and then, and the next day only about five people turned up.
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Post by salopstick on Jul 8, 2019 20:08:44 GMT
Good news for Barclays.
Deutsche are mainly investment not retail banking
Barclays cover both
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Post by felonious on Jul 9, 2019 6:16:07 GMT
Isn't the German economy on the brink of recession along with Merkel on the way out and Deutsche bank have been tottering for years now.
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Post by Northy on Jul 9, 2019 6:25:15 GMT
Now this is not a Brexit post but 18,000 jobs being cut worldwide to save money. It was reported that there were around 600 employees in the UK alone who earned over £1m last year - bloody mental. No wonder they need to make savings. The salaries are mind boggling, no wonder they are in the shit. The employees though can move out of London, down size to a nice place in the country and retire. If they haven't squandered away their money
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Post by followyoudown on Jul 9, 2019 9:06:48 GMT
Seems mental doesn’t it. Never nice to see news reports with people turning up to work and being turfed out mere hours later. For banks its not just turfed out its escorted out normally not even allowed back to their desks passwords changed, cards and passes stopped quite brutal.
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Post by followyoudown on Jul 9, 2019 9:11:58 GMT
Now this is not a Brexit post but 18,000 jobs being cut worldwide to save money. It was reported that there were around 600 employees in the UK alone who earned over £1m last year - bloody mental. No wonder they need to make savings. The salaries are mind boggling, no wonder they are in the shit. The employees though can move out of London, down size to a nice place in the country and retire. If they haven't squandered away their money Not the salaries its the €400 billion I read they are in for on greece / italy bailouts that overtime has pushed their shareprice down.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Jul 31, 2019 5:58:22 GMT
This is all a bit too complicated for me, but there seems to be a huge story behind Deitche Bank that we need to know about. "Maxine Waters: "Deutsche Bank Is Perhaps The Biggest Money Laundering Bank In The World" www.zerohedge.com/news/2019-02-01/maxine-waters-deutsche-bank-perhaps-biggest-money-laundering-bank-world"Whistleblower Implicates Deutsche Bank In $150 Billion Money Laundering Scandal" www.zerohedge.com/news/2018-11-19/danske-money-laundering-whistle-blower-points-finger-deutsche-bank"ECB Fears For Withdrawal Of €1.1TRILLION Deutsche Bank – And Impact On The Global Economy April 19, 2018 THE EUROPEAN Central Bank has moved first to protect global financial markets from the potential chaos caused if Deutsche Bank decide to quit investment banking. The ECB has made Deutsche the first bank under its supervision to report on the cost and consequences of its investment bank’s exit from the global markets. Deutsche is currently reviewing the role of its investment bank – known internally as Project Colombo – to determine the way forward as revenues shrink and clients look for profit elsewhere. Regulators are known to scrutinise large, struggling institutions like €1.1 trillion Deutsche Bank over their potential to plumge the global financial system into meltdown as see with the collapse of Lehman Brothers in 2008." More ... www.express.co.uk/finance/city/947434/deutsche-bank-collapse-global-economy-impact-2008-financial-crash"Regulators Stunned By Deutsche Bank’s Spectacular, 12x VaR Trading Blowup June 20, 2018 Until recently, Deustche Bank was best known for being the worst managed megabank in the world, for having attempted rigging and manipulating virtually every single market and getting caught doing it, for having been “secretly” added to the Fed’s “troubled bank” watchlist, for having been told by the ECB to simulate a “crisis scenario”, for “accidentally” transferring €28 billion to an outside account, and of course, for having some $50 trillion in gross notional derivatives on its books. As of today it is also known for having reckless traders on “full tilt” who go all in, bet the house, and lose. As first noticed by Bloomberg, and disclosed publicly in a May 7 Federal Financial Institution filing, unknown Deutsche Bank traders suffered a staggering one-day loss in the first quarter that was almost 12x VaR, or 12 times what DB’s risk officers have estimated for regulatory purposes it might lose on a typical day." More… www.zerohedge.com/news/2018-06-20/regulators-shocked-deutsche-banks-previously-undisclosed-spectacular-12x-var"Deutsche Bank Crimes Can Cause Next Global Crisis – William Black December 2, 2018 By Greg Hunter’s USAWatchdog.com (Early Sunday Release) The International Monetary Fund (IMF) has deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends, “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This is quite a statement because VW is such a massive fraud. . . .It is insane that we allow Deutsche Bank to go from fraud to fraud to fraud. . . .They cheat on everything else you can possibly imagine and, typically, they are getting caught, which is also not a very good sign in terms of their competence even as thieves. Even in the United States, there has been reluctance to crack down on Deutsche Bank. . . . When the New York Commissioner tried to crack down, the Office of the Comptroller of the Currency, the premier banking regulator, actually sought to impede that. He disparaged the New York folks and said there really wasn’t that big of problems and such, and all of that proved to be lies.” Deutsche Bank was raided by German regulators last week on more allegations of fraud and money laundering." More… usawatchdog.com/deutsche-bank-crimes-can-cause-next-global-crisis-william-black/
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Post by franklin66 on Jul 31, 2019 7:05:22 GMT
Beautiful place to visit but without doubt it's in trouble hence why a deal will be done they need one.
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Post by felonious on Jul 31, 2019 7:07:03 GMT
This is all a bit too complicated for me, but there seems to be a huge story behind Deitche Bank that we need to know about. "Maxine Waters: "Deutsche Bank Is Perhaps The Biggest Money Laundering Bank In The World" www.zerohedge.com/news/2019-02-01/maxine-waters-deutsche-bank-perhaps-biggest-money-laundering-bank-world"Whistleblower Implicates Deutsche Bank In $150 Billion Money Laundering Scandal" www.zerohedge.com/news/2018-11-19/danske-money-laundering-whistle-blower-points-finger-deutsche-bank"ECB Fears For Withdrawal Of €1.1TRILLION Deutsche Bank – And Impact On The Global Economy April 19, 2018 THE EUROPEAN Central Bank has moved first to protect global financial markets from the potential chaos caused if Deutsche Bank decide to quit investment banking. The ECB has made Deutsche the first bank under its supervision to report on the cost and consequences of its investment bank’s exit from the global markets. Deutsche is currently reviewing the role of its investment bank – known internally as Project Colombo – to determine the way forward as revenues shrink and clients look for profit elsewhere. Regulators are known to scrutinise large, struggling institutions like €1.1 trillion Deutsche Bank over their potential to plumge the global financial system into meltdown as see with the collapse of Lehman Brothers in 2008." More ... www.express.co.uk/finance/city/947434/deutsche-bank-collapse-global-economy-impact-2008-financial-crash"Regulators Stunned By Deutsche Bank’s Spectacular, 12x VaR Trading Blowup June 20, 2018 Until recently, Deustche Bank was best known for being the worst managed megabank in the world, for having attempted rigging and manipulating virtually every single market and getting caught doing it, for having been “secretly” added to the Fed’s “troubled bank” watchlist, for having been told by the ECB to simulate a “crisis scenario”, for “accidentally” transferring €28 billion to an outside account, and of course, for having some $50 trillion in gross notional derivatives on its books. As of today it is also known for having reckless traders on “full tilt” who go all in, bet the house, and lose. As first noticed by Bloomberg, and disclosed publicly in a May 7 Federal Financial Institution filing, unknown Deutsche Bank traders suffered a staggering one-day loss in the first quarter that was almost 12x VaR, or 12 times what DB’s risk officers have estimated for regulatory purposes it might lose on a typical day." More… www.zerohedge.com/news/2018-06-20/regulators-shocked-deutsche-banks-previously-undisclosed-spectacular-12x-var"Deutsche Bank Crimes Can Cause Next Global Crisis – William Black December 2, 2018 By Greg Hunter’s USAWatchdog.com (Early Sunday Release) The International Monetary Fund (IMF) has deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends, “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This is quite a statement because VW is such a massive fraud. . . .It is insane that we allow Deutsche Bank to go from fraud to fraud to fraud. . . .They cheat on everything else you can possibly imagine and, typically, they are getting caught, which is also not a very good sign in terms of their competence even as thieves. Even in the United States, there has been reluctance to crack down on Deutsche Bank. . . . When the New York Commissioner tried to crack down, the Office of the Comptroller of the Currency, the premier banking regulator, actually sought to impede that. He disparaged the New York folks and said there really wasn’t that big of problems and such, and all of that proved to be lies.” Deutsche Bank was raided by German regulators last week on more allegations of fraud and money laundering." More… usawatchdog.com/deutsche-bank-crimes-can-cause-next-global-crisis-william-black/I'm not sure about any reluctance to crack down on Deutsche Bank in the USA or elsewhere for that matter it looks more like a case of managing it as it gradually decreases in size. Fairly damning for the German regulators I would have thought. Deutsche Bank agrees $7.2bn penalty with US regulators www.bbc.co.uk/news/business-38412816www.theguardian.com/business/2019/jul/08/what-went-wrong-at-deutsche-bankAll part of Frankfurt's plan to take over from London after Brexit I suppose
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Jul 31, 2019 7:36:18 GMT
Look at that - "Deitche Bank" - I really shouldn't type without my glasses on.
That William Black was like Wyatt Earp, he got many bank executives jailed
The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout.
In this interview he tells an incredible tale in a way that the layman can understand.
BILL MOYERS JOURNAL | William K. Black | PBS
Gripping viewing.
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teddytunstall
Academy Starlet
Author of The Perdix Project
Posts: 114
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Post by teddytunstall on Aug 2, 2019 7:28:41 GMT
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Post by Deleted on Aug 2, 2019 20:16:08 GMT
Isn't the German economy on the brink of recession along with Merkel on the way out and Deutsche bank have been tottering for years now. They are shitting brex 😉
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Post by felonious on Aug 3, 2019 5:22:48 GMT
Isn't the German economy on the brink of recession along with Merkel on the way out and Deutsche bank have been tottering for years now. They are shitting brex 😉 I find it amazing that they want their expensive exports to become more expensive
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