WHAT!!! IF PIGGS could fly: DAXIA BANK MIGHT BE SOLVENT!!

[Aman A.K.A. Ahamburger]

They are talking about a 50% hair cut on these losses.. Remember when Cypress cause all those issues? The fact this has happened in Germany, continues to cause problems, and isn't even being discussed, seems odd to me.

[bimetalaupt]

Apr 15, 2015 10:09:23 GMT -5 Aman A.K.A. Ahamburger said:

They are talking about a 50% hair cut on these losses.. Remember when Cypress cause all those issues? The fact this has happened in Germany, continues to cause problems, and isn't even being discussed, seems odd to me.

A++++,

My cousins in Luxembourger are talking75% haircut.  Why do they not just liquidate this bank and return to what the insurance can sell the loans and bank for a stronger bank in a merger?

Just a thought,

BiMetalAuPt  

[Aman A.K.A. Ahamburger]

,

75%,eh? Wow! That's a great solution to the problem, BTW.

I would say that the biggest reason they aren't looking at real solutions is two fold. The first is that EU politicians seem to think the EU is a smashing success and are trying to save face. The second is that creditors ImF, etc, aren't willing to treat a developed economy like an emerging one and they seem to think there is a way over this "hump" in the road.

God bless,

[bimetalaupt]

What? Plain English Please...  Daxia bank buying New York with Funny Bond money that will be bought by the ECB? Is this all about QE1-ECB money sharing at "Carrying" profit rate: HOW DOES THIS HELP THE EU? DAXIA LOWER COST FROM THE EUCB HELPED THE DAXIA IN LUXEMBURG WITH IT NEGATIVE OUTLOOK FOR THE SUBSIDERY Dexia Credit Local (rated 'A/F1'; Negative Outlook) in the form of Standby Bond Purchase Agreement (SBPA), with a substitute SBPA to be issued by Bank of America, N.A. (rated 'A/F1'; Negative Outlook) which will occur on April 22, 2015.

BANKING IS GETTING WILD IN NEW YORK,

BiMetalAuPt

Fitch to Confirm S-T Rating on $145 MM NYC Adjustable Rate GOs Fiscal 2008 Ser L-5 Bonds

.

Business Wire
Fitch Ratings
April 8, 2015 3:27 PM

On the effective date April 22, 2015, Fitch Ratings will confirm the short-term 'F1' rating assigned to the New York City General Obligation Bonds Fiscal 2008 series L, $145,400,000 subseries 2008 L-5, Adjustable Rate Bonds. The rating action is in connection with the substitution of the liquidity support provided by Dexia Credit Local (rated 'A/F1'; Negative Outlook) in the form of Standby Bond Purchase Agreement (SBPA), with a substitute SBPA to be issued by Bank of America, N.A. (rated 'A/F1'; Negative Outlook) which will occur on April 22, 2015.
KEY RATING DRIVERS

On the effective date, the short-term 'F1' rating will be based on the liquidity support provided by Bank of America, in the form of a substitute SBPA. The long-term rating continues to be based on the 'AA' rating assigned by Fitch to the New York City general obligation bonds. The Rating Outlook is stable, for the long-term rating. For more information on the long-term rating, see the report dated March 9, 2015, available on Fitch's website at www.fitchratings.com.

The substitute SBPA provides for the payment of the principal component of purchase price plus an amount equal to 35 days of interest calculated at a maximum rate of 9%, based on a year of 365 days for tendered bonds during the daily or weekly rate modes in the event that the proceeds of a remarketing of the bonds are insufficient to pay the purchase price following an optional or mandatory tender. The substitute SBPA will expire on April 20, 2018, the stated expiration date, unless such date is extended, conversion to a mode other than the daily or weekly rate; or upon the occurrence of certain events of default which result in a mandatory tender or other events of default related to the credit of the bonds which result in an automatic and immediate termination. The short-term 'F1' rating will expire upon the expiration or prior termination of the SBPA, or conversion to a mode other than daily or weekly rate. Merrill Lynch, Pierce, Fenner & Smith Incorporated will serve as the remarketing agent for the bonds.

RATING SENSITIVITIES

The short-term rating reflects the short-term rating that Fitch maintains on the bank providing liquidity support, and will be adjusted upward or downward in conjunction with the short-term rating of the bank and, in some cases, the long-term rating of the bonds. The long-term rating is exclusively tied to the creditworthiness of the bond obligor and will reflect all changes to that rating.

Additional information is available at www.fitchratings.com.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Criteria' (Feb. 23, 2015);

--'Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support' (Jan. 22, 2015).

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Criteria

www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=862222

Rating Guidelines for Variable-Rate Demand Obligations and Commercial Paper Issued with External Liquidity Support

www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=856189

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

finance.yahoo.com/news/fitch-confirm-t-rating-145-192700456.html;_ylt=A0LEV7w5szJVqHEAGAcPxQt.

[bimetalaupt]

#What is DAXIA THAT MADE IT THE LARGEST BAIL OUT FOR THE NEW YORK FEDERAL RESERVE HISTORY IN 2008?

Dexia N.V./S.A., also referred to as the Dexia Group, was a Franco-Belgian financial institution active in public finance, providing retail and commercial banking services to individuals and SMEs, asset management, and insurance; with headquarters in Saint-Josse-ten-Noode, Brussels. The company had about 35,200 members of staff and a core shareholders' equity of €19.2 billion, as of 31 December 2010, and provided governments and local public finance operators with banking and other financial services. Asset Management and Services provided asset management, investor and insurance services, in particular to clients of the two other business lines.

In 2008, the bank received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, its Common Equity Tier 1 (CET1) capital ratio became negative during the second half of 2011, and an orderly resolution process began in October 2011.[3][4] As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state, and will continue to exist under its new name Belfius. The remaining part of the Dexia group was left in a "bad bank", and will either be sold or wound down.[5]


LENT MONEY TO SOVERN INTETIES: SOUNDS LIKE CREDIT ANANESE IN 1931 ( Rothschild Austrian Holdings) that started the banking crash of the 1030's)

Just a thought,

BiMetalAuPt

Dexia bank gets massive bailout


10 October 2011

From the section Business

France, Belgium and Luxembourg are to bail out the troubled bank Dexia, following fears it could go bankrupt.

The Belgian government will buy the bank's division in Belgium for 4bn euros ($5.4bn; £3.4bn).

And Luxembourg's finance minister said a Qatari investment group was ready to buy the bank's Luxembourg unit.

Trading in Dexia shares, which had been suspended, resumed on Monday afternoon. The price fell by a third before recovering slightly to close down 22%.

The bailout plan for Dexia came after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed Europe's crisis-hit banks needed to be recapitalised.




Dexia also secured state guarantees of up to 90bn euros to secure borrowing over the next 10 years. Belgium will provide 60.5% of these guarantees, France 36.5% and Luxembourg 3%, the bank said in a statement.

Belgian Prime Minister Yves Leterme told a news conference in the early hours of Monday: "We found an agreement on the fair division of the costs related to the management of the 'rest bank'."

The Belgian unit is a largely retail operation of 6,000 staff, handling deposits totalling 80bn euros for four million customers.

Dexia asked for help for the second time in three years after a liquidity squeeze sent its shares tumbling.






The near collapse of the Franco-Belgian bank Dexia is the event that focused the minds of eurozone leaders on the urgency of putting in place a comprehensive plan to strengthen European banks in general


By Robert PestonBusiness editor, BBC News

Read Robert's blog in full

It had to be bailed out in 2008, with the Belgian, French and Luxembourg governments putting in 6.4bn euros to keep it afloat.

Marathon talks

The latest announcement came after a board meeting that lasted some 14 hours from mid-afternoon on Sunday.

Dexia's near-collapse is the latest warning sign over the health of Europe's lenders. It has a global credit risk exposure of around $700bn, twice the gross domestic product of Greece.

BBC business editor Robert Peston said that given the size of Dexia, with a balance sheet of over 500bn euros, eurozone governments viewed its rescue as vital to avoid more market turmoil

Yes!!!!The bailout plan for Dexia came after German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed Europe's crisis-hit banks needed to be recapitalised.   AND DEXIA STILL DOES AS WELL AS GERMAN BAD BANKS DO ALSO..

JUST AS  THOUGHT,

BiMetalAuPt

[Aman A.K.A. Ahamburger]

What? Plain English Please... Daxia bank buying New York with Funny Bond money that will be bought by the ECB? Is this all about QE1-ECB money sharing at "Carrying" profit rate: HOW DOES THIS HELP THE EU? DAXIA LOWER COST FROM THE EUCB HELPED THE DAXIA IN LUXEMBURG WITH IT NEGATIVE OUTLOOK FOR THE SUBSIDERY Dexia Credit Local (rated 'A/F1'; Negative Outlook) in the form of Standby Bond Purchase Agreement (SBPA), with a substitute SBPA to be issued by Bank of America, N.A. (rated 'A/F1'; Negative Outlook) which will occur on April 22, 2015.

BANKING IS GETTING WILD IN NEW YORK,

My apologies, I thought you were speaking in a more generalized sense.

This is what I was asking you before I think. I can't remember the thread, but I was asking if the on par Euro dollar is a nice way for New York to get paid back with a 20% increase over Qe1 exchange rate?

From what you posted it does relate to the second half of what I was saying then. The creditors still want to believe that they can get their money back. With Greece seizing cash today to fund the CB.....

Then there is another default in China... To me the ancient early 1900's China financing system is looking more Austrian circa 1930 because China also has exposure to the EU banking system as well..

Either way, it appears as if liquidity is still the issue..

[Aman A.K.A. Ahamburger]

But, but, stimulus, and economic growth due to illegal activities and everything...

But hey at least there are bad banks full of bad assets from the financial crisis of 2008

Some euro zone banks ‘as likely to fail’ as in 2008

[bimetalaupt]

May 16, 2015 16:03:40 GMT -5 Aman A.K.A. Ahamburger said:

But, but, stimulus, and economic growth due to illegal activities and everything...

But hey at least there are bad banks full of bad assets from the financial crisis of 2008

Some euro zone banks ‘as likely to fail’ as in 2008

Only money taken by the Taliban is the good old $$$$$%dollar because it is the only money used for Gold, Oil or Guns!!!  Daxia was the largest investment every made by the Federal Reserve Bank of New York!!!!
Just a thought,
BiMetalAuPt

[Aman A.K.A. Ahamburger]

It might be the biggest loss the FRB takes in history too, but the number still pales in comparison to how much those bad banks have on their balance sheets, right? And now we have confirmation that the European banking system is as frail as it ever was. Since we know that things are on the verge of going from bad to worse on the battlefield....

[bimetalaupt]

iT HAS ONLY BEEN 7 YEARS: NOW FOR GREEK TELLING THE EU TO KISS ITS$%$#$xx

Two Belgian banks fail ECB test, but no new measures required

 Franco-Belgian lender Dexia and AXA Bank Europe both failed the European Central Bank's stress test, but Belgium's national bank said on Sunday that neither would have to take extra measures to boost their capital.

Belgium's central bank said that Dexia, deemed to have a capital shortfall of 339.4 million euros ($430.0 million) at the end of 2013, benefited from state guarantees and had also sold assets since so no further action was required.

AXA Bank Europe, the Belgian banking arm of French insurance group AXA, also showed up a shortfall of 200.2 million euros. However, it has sold non-core activities and raised capital this year.

"At this stage the bank meets the requirements set by the ECB and is no longer obliged to take any additional measures to strengthen its solvency position," Belgium's central bank said. (1 US dollar = 0.9893 euro)

insert quote here YES ITS BANKS DO SELL FOR A DISCOUNT..YOU BUY

[Aman A.K.A. Ahamburger]

Not me. I choose to no invest in black holes.

By the time this is all done, Europe will have gone through a period worse than their long depression of 1873- to like 1900...

Despite growth uptick, full recovery still far for Europe


— The 19-country eurozone economy is still smaller than it was before the global financial crisis that started in 2007-2008.

— The eurozone lags almost four years behind the United States, which recovered the output lost during the global financial crisis in late 2011.

— It could take another year before Europe regains pre-crisis levels. That's a good eight years after the crisis.

Gross domestic output — all the spending on goods and services in the economy — was 2.434 trillion euros ($2.72 trillion) in the first three months of the year. That's below the 2.472 trillion euros from the first quarter of 2008, by about 1.5 percent, once adjusted for inflation.

Until Europe writes down Greece's debt, the drama will continue to run

Were Greece an independent country it would all have been easy. There is a template. Countries often default. There have been 11 major sovereign defaults since 2000, and more than 100 since 1800. Argentina has done so eight times, Ecuador and Venezuela 10 times. While most have been in Latin America, since 1800 Austria has defaulted seven times, Spain six, and Germany and Portugal four each. Greece has defaulted seven times, if you count as a single default the two recent rescues when it defaulted on its privately held debt but not its publicly held debt.

What has changed now is that Greece is not financially independent. If you don’t control your own currency you become a sort of super-municipality. You can default on your debts, as Detroit has done, but then you will not be able to borrow any more money. So your ability to continue functioning depends on your ability to raise enough tax to pay wages and pensions, and buy the goods and services that any government needs. You are not paying any interest. You are not repaying any debts as they fall due. But as long as enough tax comes in to cover your day-to-day spending, you are still in business.

Until a few weeks ago that looked like being an option for Greece. It could default but carry on as a member of the eurozone, rather in the way that Detroit can continue using the dollar. The economy was growing, albeit slowly. Unemployment, while still dreadful, seemed to have plateaued and was starting to fall, as you can see in the top graph. The country was running a small primary surplus, in the sense that tax receipts were greater than spending if you don’t allow for interest payments. I suspect that was the reason behind the swagger of its finance minister.

Since then three things have happened, all of them negative. One is that growth has gone and the country is back in recession. Another is that the primary surplus has disappeared, for reasons that are not totally clear but which are probably associated with the economic paralysis that many, maybe most, Greeks feel. And the third is that people have been taking their money out of their bank accounts, in some cases literally stuffing it under the mattress. You can see this sudden decline in bank balances in the bottom graph.

[bimetalaupt]

Daxia is getting wild again: So what is the results of this?

Dexia Kommunalbank Deutschland files a lawsuit against HETA Asset Resolution AG
On 15 July 2015, Dexia Kommunalbank Deutschland AG (DKD), together with a pool of 10 other creditors, filed a lawsuit against HETA Asset Resolution AG (HETA), at the Regional Court of Frankfurt/Main, claiming immediate repayment of receivables in an aggregate amount of approximately EUR 1 billion. HETA is the wind-down entity of former Hypo Alpe Adria-Bank International AG which was nationalised by the Republic of Austria in 2009. Dexia Kommunalbank Deutschland’s exposure to HETA amounts to EUR 395 million.
The creditors organized in the pool (banks, especially Pfandbrief banks, insurance companies, asset managers and public enterprises) hold bonds and debt certificates issued by HETA between 2002 and 2007. Besides HETA, the State of Carinthia and Kärntner Landesholding are liable for the payment of the claims of the creditors of the pool based on a statutory assumption of liability.
Furthermore, together with the other pool members, DKD already started legal proceedings in Austria by filing opposition (“Vorstellung”) against the moratorium on debt repayments by HETA issued by the FMA on 1 March 2015. DKD continues assessing other actions and legal interventions aimed at preserving, defending and enforcing its rights against HETA, the State of Carinthia, Kärntner Landesholding and any other parties concerned.

[Aman A.K.A. Ahamburger]

So you're saying there's a chance!?!

[bimetalaupt]

Aug 4, 2015 23:18:46 GMT -5 Aman A.K.A. Ahamburger said:

So you're saying there's a chance



A++++,
There is enough $$$$ behind Daxia bank it has done its job of servicing Government debt there fore yes.

Bad deals  backed by ?? $$$$$$ but yes,
Just a thought, Bruce

[Aman A.K.A. Ahamburger]

The problem is that fudging the numbers with sex and drugs only works for so long because the real economy is till dragging, so.... Danish government confirms lower GDP, bigger budget gap forecasts By Reuters.. Then there is another - strong so far - member Norway who has been hit hard by lower oil prices, and Germany is starting to get hit because of Germany. But the economic situation is stable in Europe....

[bimetalaupt]

ON THE OTHER HAND: THIS COULD SAVE THE EU!

Migrants could help solve Europe's aging problem

Holly Ellyatt | @hollyellyatt
12 Hours Ago

Concerns over the thousands of refugees entering Europe might have reached fever pitch, but many European politicians believe the newcomers are just what a rapidly aging Europe needs to thrive.

For the last week, images of thousands of migrants making their way northward through Europe on foot and rail have dominated the media, with scuffles between migrants and police illustrating the rising tensions and increasing struggles the authorities are facing against such an influx of people.

In a bid to alleviate the strain on countries like Greece, Hungary and Italy where many migrants, mainly from Syria in the Middle East and Africa, have arrived, plans for a compulsory quota system to relocate up to 160,000 migrants have been proposed.

READ MORE AT

 www.cnbc.com/2015/09/11/migrants-could-help-solve-europes-aging-problem.html?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102990704

Just a thought,

BiMetalAuPt

[Aman A.K.A. Ahamburger]

Hahah, the shit that the media tries to shovel!! Bruce, they are making a bunch of worm food for you!!

[Aman A.K.A. Ahamburger]

Forget the PIGGS, we can now call this a negatively compounded interest ROR.

Europe is adrift as German leadership crumbles

Europe is coming unmoored and is dangerously adrift.

The refugee crisis coming on top of the Greek crisis, and the prolonged euro ordeal in general has now done in the last European leader with any claim to continent-wide leadership: Germany’s not-so-iron chancellor, Angela Merkel.

France, Italy and Spain have long since become political nonentities in the European Union, and Britain can’t even keep its own kingdom united let alone contribute anything to building Europe.


And just as Berlin reached its most vulnerable point yet in trying to rally solidarity in the EU on the refugee crisis, the Volkswagen scandal of corporate fraud on an apparently global scale struck a crippling blow not only to the world’s biggest carmaker but to Germany itself.

The VW emissions-cheating scandal has damaged the reputation for quality and integrity enjoyed by a country that is one of the world’s biggest exporters of manufactured goods.

It has also deeply shaken the German public by calling into question a national identity based on the perception that this country knows how to do everything better than anyone else.

It is, however, no time for Schadenfreude — that peculiarly Teutonic concept of taking pleasure in someone else’s misfortune — because the rapid decline in German prestige comes when Europe desperately needs leadership in some form.

[bimetalaupt]

Sept 24, 2015 12:00:36 GMT -5 Aman A.K.A. Ahamburger said:

Forget the PIGGS, we can now call this a negatively compounded interest ROR.

Europe is adrift as German leadership crumbles

Europe is coming unmoored and is dangerously adrift.

The refugee crisis coming on top of the Greek crisis, and the prolonged euro ordeal in general has now done in the last European leader with any claim to continent-wide leadership: Germany’s not-so-iron chancellor, Angela Merkel.

France, Italy and Spain have long since become political nonentities in the European Union, and Britain can’t even keep its own kingdom united let alone contribute anything to building Europe.


And just as Berlin reached its most vulnerable point yet in trying to rally solidarity in the EU on the refugee crisis, the Volkswagen scandal of corporate fraud on an apparently global scale struck a crippling blow not only to the world’s biggest carmaker but to Germany itself.

The VW emissions-cheating scandal has damaged the reputation for quality and integrity enjoyed by a country that is one of the world’s biggest exporters of manufactured goods.

It has also deeply shaken the German public by calling into question a national identity based on the perception that this country knows how to do everything better than anyone else.

It is, however, no time for Schadenfreude — that peculiarly Teutonic concept of taking pleasure in someone else’s misfortune — because the rapid decline in German prestige comes when Europe desperately needs leadership in some form. Schadenfreude

Schadenfreude  Yes the Wassweilers were Teutonic Knights. So buy bonds: BUT ,what the wine will be worth more when the bonds interest rate increases. i AM RELATED TO SIR FREDRICK WASSWEILLER THE RED WINE KING OF GERMANY.  After WWI his empire was funded by debt and inflation was> then interest.  He wine bottles he owned were worth more then the bonds he sold.

Just a thought,
Bruce aka BiMetalAuPt

[bimetalaupt]

Sept 24, 2015 17:11:19 GMT -5 bimetalaupt said:

Sept 24, 2015 12:00:36 GMT -5 Aman A.K.A. Ahamburger said:

Forget the PIGGS, we can now call this a negatively compounded interest ROR.

Schadenfreude  Yes the Wassweilers were Teutonic Knights. So buy bonds: BUT ,what the wine will be worth more when the bonds interest rate increases. i AM RELATED TO SIR FREDRICK Von WASSWEILLER THE RED WINE KING OF GERMANY.  After WWI his empire was funded by debt and inflation was> then interest.  He wine bottles he owned were worth more then the bonds he sold.

Just a thought,
Bruce aka BiMetalAuPt

PS: I am having a "Piano Party " May 27 , 2016 in New York.  Details later...Staring Jax and my grilling Son on the grill. 

[Aman A.K.A. Ahamburger]

Sept 24, 2015 17:11:19 GMT -5 bimetalaupt said:

Schadenfreude  Yes the Wassweilers were Teutonic Knights. So buy bonds: BUT ,what the wine will be worth more when the bonds interest rate increases. i AM RELATED TO SIR FREDRICK Von WASSWEILLER THE RED WINE KING OF GERMANY.  After WWI his empire was funded by debt and inflation was> then interest.  He wine bottles he owned were worth more then the bonds he sold.

Just a thought,
Bruce aka BiMetalAuPt

PS: I am having a "Piano Party " May 27 , 2016 in New York.  Details later...Staring Jax and my grilling Son on the grill. 

,

Makes sense that you would be related to the king of wine.

I always liked the Austrian(cant remember his name right now) that invested his money into a castle and a town. Yes, because you jogged my memory about seeing the place, the charity concept came to mind...



P.s. You're freaking me out man! According to the timestamp on your post, as you posted I was showing Jax, Misha's Liszt - explaining to him that he needs to bear down and practice a bit harder because someday, you never know, a guy like this might want to hear YOU play the piano!!!!

We get to have our sons entertain us on your bday? Sounds great! Especially because I will get to just eat a kick ass meal. One thing though, better add the second J to the bill - that is unless you want to break an 8yr olds heart that has been playing almost as long! Yes they will be competing to see who can play better in NYC, you know bros.

[Aman A.K.A. Ahamburger]

I can't for the life of me remember where we were talking about the lending operations to the EU banks being a joke, but since the migration crisis is in full swing now, SOLVENCY IS SURE TO BE THE NEXT BIG THING FROM EUROPE..... AGAIN.

Deutsche Bank Plans to Eliminate Dividend for Two Years in Overhaul

ECB banks package fails to boost business lending

A total of €400bn has been injected into the banking system through five TLTRO auctions since September 2014, with demand predominantly from Spanish and Italian institutions. By contrast, bank corporate lending grew by just €4bn between September 2014 and August 2015.

[bimetalaupt]

Oct 28, 2015 23:52:21 GMT -5 Aman A.K.A. Ahamburger said:

I can't for the life of me remember where we were talking about the lending operations to the EU banks being a joke, but since the migration crisis is in full swing now, SOLVENCY IS SURE TO BE THE NEXT BIG THING FROM EUROPE..... AGAIN.

Deutsche Bank Plans to Eliminate Dividend for Two Years in Overhaul

ECB banks package fails to boost business lending

A total of €400bn has been injected into the banking system through five TLTRO auctions since September 2014, with demand predominantly from Spanish and Italian institutions. By contrast, bank corporate lending grew by just €4bn between September 2014 and August 2015.

A+++++,
As I recall one of the /Wassweiler from Luxenbourg said that thing or close about 2 years ago.   He works for the branch of HSBC located in Luxenbourg. 

Just a thought,
Bruce

[Aman A.K.A. Ahamburger]

,

A: Looks like I'm earning a spot at that table after all!
B: At least Luxembourg is nice and isolated, we want "The Waz" to stay safe.
C: I think we have firmly established that because the EU is China's biggest trading partner, a WAR is what causes the next financial (Asia) crisis - a first for modern history.

God bless,

[bimetalaupt]

Sept 24, 2015 12:00:36 GMT -5 Aman A.K.A. Ahamburger said:

Forget the PIGGS, we can now call this a negatively compounded interest ROR.

Europe is adrift as German leadership crumbles

Europe is coming unmoored and is dangerously adrift.

The refugee crisis coming on top of the Greek crisis, and the prolonged euro ordeal in general has now done in the last European leader with any claim to continent-wide leadership: Germany’s not-so-iron chancellor, Angela Merkel.

France, Italy and Spain have long since become political nonentities in the European Union, and Britain can’t even keep its own kingdom united let alone contribute anything to building Europe.


And just as Berlin reached its most vulnerable point yet in trying to rally solidarity in the EU on the refugee crisis, the Volkswagen scandal of corporate fraud on an apparently global scale struck a crippling blow not only to the world’s biggest carmaker but to Germany itself.

The VW emissions-cheating scandal has damaged the reputation for quality and integrity enjoyed by a country that is one of the world’s biggest exporters of manufactured goods.

It has also deeply shaken the German public by calling into question a national identity based on the perception that this country knows how to do everything better than anyone else.

It is, however, no time for Schadenfreude — that peculiarly Teutonic concept of taking pleasure in someone else’s misfortune — because the rapid decline in German prestige comes when Europe desperately needs leadership in some form.

A+++++,
It is about time the German and French banks clean up there bad loans.  Now they are acting!!!  2008 to 2015 is 7 long years!!

Just a thought
BiMetalAuPt

Deutsche Bank cutting 15,000 jobs as new CEO sets out strategy plan
FRANKFURT (Reuters) - Deutsche Bank is slashing 15,000 jobs and shedding assets in which some 20,000 staff are employed, as new Chief Executive John Cryan starts to implement a deep overhaul aiming to improve returns at Germany's biggest bank.
Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.Cryan said the bank will sacrifice its 2015 and 2016 dividends as it seeks to bolster its finances and retain money to pay for sins of the past. "I do not think that 2016 and 2017 will be strong years," he told reporters on Thursday.

Shares in the bank were down 6 percent at 25.815 euros by 0850 GMT. "We still believe there are major risks here and therefore think a capital increase in 2016 is still highly probable," Citi analysts said in a note.

A trader said: "Investors are very disappointed. Two years of no dividends and CEO Cryan cautions 2016 and 2017 won’t be strong in terms of business either. That’s a long time and shareholders are wondering why they should stay invested."est bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.est bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.

Cryan is under pressure to overhaul Germany's biggest bank, with costly litigation from past scandals and fallout from a market rout in Asia pushing its valuation well below rivals.

Please read more at finance.yahoo.com/news/deutsche-bank-q3-trading-gains-082342510.html

[Aman A.K.A. Ahamburger]

Oct 29, 2015 14:34:11 GMT -5 bimetalaupt said:

A+++++,
It is about time the German and French banks clean up there bad loans.  Now they are acting!!!  2008 to 2015 is 7 long years!!

Just a thought
BiMetalAuPt

,

I hear ya. Too little to late me thinks. Should have followed the FED when they first had the chance...

EU running out of money, warns Jean-Claude Juncker

And they are still fooling themselves that there aren't millions more following in the wake..

Just a thought, as you say.

God bless,

[bimetalaupt]

Oct 29, 2015 15:13:26 GMT -5 Aman A.K.A. Ahamburger said:

Oct 29, 2015 14:34:11 GMT -5 bimetalaupt said:

A+++++,
It is about time the German and French banks clean up there bad loans.  Now they are acting!!!  2008 to 2015 is 7 long years!!

Just a thought
BiMetalAuPt

,

I hear ya. Too little to late me thinks. Should have followed the FED when they first had the chance...

EU running out of money, warns Jean-Claude Juncker

And they are still fooling themselves that there aren't millions more following in the wake..

Just a thought, as you say.

God bless,

A+++++,
"All EU runs on debt" per Luxembourg.  Where is the billions we spent over the last 25 years on oil?  My mother said we need to drain the Middle East first then Texas.  Wealth management has been a Lendrum thing for the last 200 years.  Do what you do well.  The key for success in finance is spend less then you earn.  Just look at the number of football stars that when brook after the big checks stopped. 

Just a thought,
BiMetalAuPt

[Aman A.K.A. Ahamburger]

,

You and I and the whole family  knows that the world runs on debt. However, it's like you're saying - it's all about management. ‎ Yeah, you and your family  are great at wealth management(thanks a million for passing that on to your extended family, BTW), just like since about the mid 1500's my family has been called in to get the job done. That's what makes our system run efficiently here, we have all kinds of people that contribute. The bloated social programs are a problem here(we have the solution) however, nothing like the EU and the Mid East - like you said, where did all the oil money go? 

In the mid east it is gold plated...everything, lavish palaces, all while keeping their foot on the throats of the populace with JUST enough. In the EU it was retirement at 40, with life long pensions, and FREE everything to boot. Well, as we can all see; debt ain't free and if you're not developing cash flow assets with those debts, you end up broke - just like all the pro athletes and artist that you mentioned. 

How right your mom was. Bleed them we did, and now the fun begins.  

Honor thy father and thy MOTHER!!!!!!!

God bless,

[Aman A.K.A. Ahamburger]

Ya have to wonder what these numbers would be like if they hadn't decided to include drugs, prostitution, and gambling in? I do like how the reporter in the article is ignoring that, Juncker has already stated that the EU is running out of money. Stimulus!!

Eurozone GDP Growth Weakens In Q3

[bimetalaupt]

Euro Eyes Parity Once More
This time it's differentEuro Eyes Parity Once More
This time it's different

Following a failed attempt at parity earlier this year, the euro may be set to make a more convincing foray at 1.0000 to the U.S. dollar, as a crucial driver for further weakness in the common currency is now on a substantially different path, Bloomberg strategist Vassilis Karamanis writes.
One key difference this time is that the euro is facing downside pressure from investors both going short the euro and building long dollar positions.

The pair has finally broken $1.08 level for the first time since late April and threatens support at $1.0660 as it did back in late May, in a pattern that looks strikingly similar. Strong support is now seen near $1.05 where barriers may have been placed ahead of year-to-date low at $1.0458.
May vs November

The euro has seen a sharp fall against the dollar within a short period of time, reaching similar oversold levels on technical indicators. Risk reversals, a gauge of market positioning and sentiment, are close to May levels, especially in the front end, signalling that traders assign similar probabilities on trend continuation.

U.S. 10-year Treasury yields are near mid-May levels while data from the Commodity Futures Trading Commission show CME Euro FX leveraged net shorts stand at exactly the same level.

Chances of the Federal Reserve Funds rate being within 1.00-1.25 percent band at the December 2016 meeting are being priced at 21.7 percent compared with 24.1 percent in late May.
What's Different This Time

The European Central Bank recently stepped up its rhetoric to further ease monetary policy, quite a turnaround from just a few months ago when talk was that the Governing Council may end its quantitative easing program sooner than expected.

The ECB's initial monetary stimulus was already priced in the currency's drop to $1.0458 mid-March low, leaving the market to trade the dollar side of the equation thereafter.

Moreover, the Fed now seems less troubled than before by the broader dollar strength and the effect of international shocks on its economy. Last Friday's off-the-charts payroll numbers further reinforce this sentiment.
www.bloomberg.com/news/articles/2015-11-12/euro-eyes-parity-once-more?cmpid=yhoo.headline

Just my thought: We are looking a the real problem now for the first time: The EU is out of money.  They need capital :like principle now.  There banking system has been hollowed out like 1932!!  Banks are out of reserves for losses.  Just look at the PIGGS: still little improvement.  Very little of the stimulants are really going where it is needed. The results will be $1.00 = 1.00 EURO real soon.

As before: Just a thought,
Bruce Duke-Lendrum  MBA