Too many banks posting massive losses. May Warren Buffet was right. And, again, thanks to Democrats and the media for helping drive this.
To: MeneMeneTekelUpharsin
bail-ins on the way......
2 posted on
04/29/2020 5:37:50 AM PDT by
wny
To: MeneMeneTekelUpharsin
On the weekend, Deutsche Bank posted losses of 43 million - and then surged as the week began.
So investors took the news that losses were "only" 43 million as a "buy" signal.
Regards,
3 posted on
04/29/2020 5:58:36 AM PDT by
alexander_busek
(Extraordinary claims require extraordinary evidence.)
To: MeneMeneTekelUpharsin
They have been on life support for about the past five years. Its just a matter of what moment in time they fold.
5 posted on
04/29/2020 7:32:08 AM PDT by
Georgia Girl 2
(The only purpose of a pistol is to fight neiyour way back to the rifle you should never have dropped)
To: MeneMeneTekelUpharsin
So I'm a little confused here.
revealing that the German lender has posted a bottom-line loss of 43 million attributable to shareholders during the three month period.
...
For the three month period, Deutsche Bank confirmed that it had achieved a Group profit before tax (PBT) of 206 million after bank levies of 503 million
So, the bank actually made a profit, but then European taxes took away 249MM, making that a net loss??? How do taxes put you into the negative? How is the 43MM loss "attributable to shareholders"? What does that mean, and how does it compare to just a regular $MM in losses?
And "bank levies" of 503MM, so fines for wrongdoing? Which means the bank actually made a net profit of 709MM before taxes and fines, so this story is really a nothingburger? Ignoring fines but allowing for taxes mean normally they'd have a net profit of 460MM? How are they in trouble if they generate half a billion dollars in profit?!
To: MeneMeneTekelUpharsin
Demonstrating the recession is currently not as bad as the GB II and Illegal’s recession.
8 posted on
04/29/2020 6:26:45 PM PDT by
Varsity Flight
(QE 2020. All Quiet on the Western Front)
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