Posted on 07/06/2019 6:16:20 AM PDT by srmanuel
Keep your eyes on Deutsche Bank on Monday.
The Banks has never fully recovered from the financial meltdown in 2008......they have been suffering huge losses in the investment banking division and have been accused multiple times for financial shenanigans.....several large hedge funds and other corporate clients have quietly been moving funds out of Deutsche Bank to other Banks, creating a slow but steady run on the bank...
The question is, will Deutsche Bank elect to stretch out the pain over time or use an axe to cut off all the dead weight at one time...
Potentially 15,000 to 20,000 US employees could be on the streets by Monday afternoon.....
Not saying anything crazy will happen on Monday but it's worth keeping your eye on the situation...
Yes, but I haven’t seen where they have submitted them, whereas, they have done so to the N.Y. attorney general.
No need to wait for Monday:
https://www.foxbusiness.com/financials/deutsche-bank-to-cut-18000-jobs-exit-equities-sales-by-2022
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