News / Commenti / 1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank

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1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina | 28 set : 10:50

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Utente 26 lug : 16:46
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direi che la cosa è quantomeno singolare... mi spiego...

che DB abbia le gambe molli è piuttosto risaputo da anni... l'elemento che poteva dare casomai fastidio ed era molto pericoloso era ed è che il Governo crukko non se ne curasse in nome della sua ortodossia cieca.

Il fatto che i tedeschi pensino ad un contingency plan... oltre che rassicurante è anche piuttosto scontato, vista la dimensione della banca e la ramificazioni che un eventuale "BERLINO ABBIAMO UN PROBLEMA" potrebbe avere.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 10:53
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	German government and financial authorities are preparing a rescue plan for Deutsche Bank. That's according to Reuters citing German newspaper Die Ziet. The rescue plan would come into force if Deutsche Bank needed extra capital and was not able to raise it on the market. The newspaper says government would take a stake in Deutsche Bank in worst case scenario.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 10:53
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	German government hopes Deutsche Bank won't need support, only scenarios for rescue are being discussed so far. That's according to German newspaper Die Ziet.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina | 28 set : 11:17

Commenti: 5148

Utente 26 lug : 16:46
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The German government and financial authorities are preparing a rescue plan for Deutsche Bank in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported.

According to the draft plan, Deutsche Bank would be enabled to sell assets to other lenders at prices that would ease the strain on the lender and not put an additional burden on the bank, the paper said. That's according to Reuters.

A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied the report.

"At no point did I ask the chancellor for support. Neither did I suggest anything like that", Cryan had told Bild in response to a different report that said he had asked German Chancellor Angela Merkel for her support with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 11:34
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	German financial regulator BAFIN not working on a rescue plan for Deutsche Bank. That's according to Reuters citing sources.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 11:36
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	Germany's leading economic institutes have marked up GDP 2016 GDP now estimated at 1.9% vs 1.6% prior (whoopee) 2017 revised down to 1.4% vs 1.5% prior (booooo) It's a great time to be German (until 2017 at least)

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 11:50
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	According to the article in German newspaper Die Zeit, the crisis in Deutsche Bank hardly depends on whether U.S. Attorney General of the United States really wants to have the $14 billion fine from Deutsche Bank. The newspaper also reports that German Chancellor Angela Merkel can only do little because any help will be prohibited by American authorities.

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 12:49
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	Reuters is now reporting that the German Finance Ministry has dismissed reports it is working on a rescue plan for Deutsche Bank. The news update from the wires service said the MoF described the report from a German newspaper as "false".

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina \| 28 set : 12:50
Commenti: 5148 Utente 26 lug : 16:46 Replica a questo	Iran working with OPEC on a "supply management" agreement -

1039 Die Zeit Reporting That Germany's Govt Is Working On Contingency Plan On Deutsche Bank Deus_ex_machina | 28 set : 14:27

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Utente 26 lug : 16:46
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Comments from Iran oil minister Zanganeh:

Iran would agree to output of close to 4mbpd to secure a deal
Iran says it wants a freeze exemption "for some months" to reach the pre-sanctions output of close to 4mbpd
Agreement between OPEC and certain non-OPEC members will prepare the ground to overcome problems
Unfortunately, since Nov 2014 we have suffered great losses as a result of wrong policies of certain members
The last line is a direct shot at Saudi Arabia.