Deutsche Bank Failing...

[Grant H.]

This is bad news for the global economy...

Laying off 18,000 people, pulling out of global sector

The EU is totally screwed at this point. Their two major sources of money, UK and GER, are no longer there. UK is leaving, and GER is in trouble based on how tied to the .gov Deutsche Bank actually is. This means there's no money to continue to cover Greece's colossal 'ef up, and all the other socialist BS in the EU...

It will be very interesting to watch how this goes in the coming days/weeks, because this literally could be the start of the global recession/crash (not trying to be alarmist, but the way the board is stacked with all the BS between Russia, China, the EU, the USA, etc, this could get really bad, really quick).

[DFBrews]

This is bad news for the global economy...

Laying off 18,000 people, pulling out of global sector

The EU is totally screwed at this point. Their two major sources of money, UK and GER, are no longer there. UK is leaving, and GER is in trouble based on how tied to the .gov Deutsche Bank actually is. This means there's no money to continue to cover Greece's colossal 'ef up, and all the other socialist BS in the EU...

It will be very interesting to watch how this goes in the coming days/weeks, because this literally could be the start of the global recession/crash (not trying to be alarmist, but the way the board is stacked with all the BS between Russia, China, the EU, the USA, etc, this could get really bad, really quick).

Wonder how current forefront potentially damaging news in the US will be used to bounce around and move attention either way

[Grant H.]

Yeah, it will be interesting.

The head of the IMF is on record saying sub-zero interest rates in Japan and from the ECB are a "net positive" for the global economy...

It's mind boggling to understand just how screwed the global economy really is...

[brutal]

Wonderful.

I just hit a major milestone I've been waiting for throughout this recovery, and was hopeful I was still on track for retirement in 2-3 years...

I shouldn't be such a pessimist, but that's fallout from the crazy market swings the last 10-12 years.

[Grant H.]

Trust me, I get where you are coming from.

I just started a new job recently-ish, and have setup retirement, health care stuff, on and on, just for this to get real interesting.

[def90]

So based on the chart in the article they are probably the only bank in the world that continued to drop in value after the 2008 crash? Sounds more like incredible mismanagement moreso than general market issues.

[Gman]

I'm also not reading this as a take on the global economy. Deutsche Bank is closing its equities line of business that has been a loser for them.

[Skip]

I'm also not reading this as a take on the global economy. Deutsche Bank is closing its equities line of business that has been a loser for them.

With the equity markets booming even! Maybe every position was short to get tRUmp?

I'm wondering if the Eurozone's decreasing access to UK taxation/capital is part of this. I know Brexit is stalling but the writing is on the wall of and the UK will have to honor the vote. A slim majority of Brits just don't want to pay for the continent (I don't blame them). That leaves Germany as Europe's economic powerhouse and the premier German bank wants out of equities? Doesn't look good.

[Gman]

With the equity markets booming even!

...and other banks are successful with them. Maybe Deutsche Bank has been doing it wrong?

[Skip]

...and other banks are successful with them. Maybe Deutsche Bank has been doing it wrong?

Only when they have capital. No one is making money on commissions.