Deutsche Bank Drops as Some Clients Reduce Exposure - News and Current Events | futures io social day trading
futures io futures trading


Deutsche Bank Drops as Some Clients Reduce Exposure
Updated: Views / Replies:213 / 1
Created: by xplorer Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Deutsche Bank Drops as Some Clients Reduce Exposure

  #1 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 2,648 since Sep 2015
Thanks: 5,601 given, 3,858 received
Forum Reputation: Legendary

Deutsche Bank Drops as Some Clients Reduce Exposure

Deutsche Bank AG shares dropped to a record and its riskiest bonds declined amid concerns about the lender’s ability to withstand mounting legal costs, with some hedge funds moving to reduce their financial exposure.

The funds, a small subset of the more than 800 clients in the bank’s hedge fund business, have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News. Among them are Izzy Englander’s $34 billion Millennium Partners, Chris Rokos’s $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management, said a person with knowledge of the situation who declined to be identified talking about confidential client matters.

In a memo to staff published on Friday, Deutsche Bank Chief Executive Officer John Cryan responded to what he called media speculation causing some “unjustified concerns,” saying that the bank’s balance sheet has never been more stable over the past two decades.

“Ongoing rumors are causing significant swings in our stock price,” he wrote. “It’s our task now to prevent distorted perception from further interrupting our daily business. Trust is the foundation of banking. Some forces in the markets are currently trying to damage this trust.”

The shares dropped 4.4 percent to 10.40 euros at 11:52 a.m. in Frankfurt after declining below 10 euros for the first time. The lender’s 1.75 billion euros ($2 billion) of 6 percent additional Tier 1 bonds, the first notes to take losses in a crisis, fell as much as five cents on the euro to 69 cents, a record low, according to data compiled by Bloomberg. Credit-default swaps on the lender’s junior bonds reversed an earlier increase, falling 17 basis points to 513 basis points, according to CMA. Contracts on the senior bonds pared an earlier increase to 247 basis points, the data show.


Full article on Bloomberg

Reply With Quote
 
  #2 (permalink)
Trading Apprentice
Galveston
 
Futures Experience: Beginner
Platform: Infinity Futures
Favorite Futures: ES
 
Posts: 7 since Oct 2016
Thanks: 2 given, 10 received

I have not been following this story too much but I am wondering if anyone else thinks this will be like a bank of America story where the bank gets bailed out before it goes under.

Reply With Quote

Reply



futures io > > > > Deutsche Bank Drops as Some Clients Reduce Exposure

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Deutsche Bank suspends currency trader kbit News and Current Events 0 January 30th, 2014 08:06 PM
Mail bomb sent to Deutsche Bank CEO kbit News and Current Events 0 December 7th, 2011 08:35 PM
Stocks sink after Fitch warns on US bank exposure kbit News and Current Events 0 November 16th, 2011 09:14 PM
Citi, Deutsche Bank paying $165.5M in accord kbit News and Current Events 0 November 14th, 2011 06:38 PM
Deutsche Bank CEO Sees Bleak Outlook for Banks Quick Summary News and Current Events 0 September 5th, 2011 01:30 PM


All times are GMT -4. The time now is 12:50 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-07-26 in 0.07 seconds with 19 queries on phoenix via your IP 54.198.244.0