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Is The Banking Avalanche Begining in Europe?
Is it just another minor hiccup or is the credit default swaps losses going to grow exponentially? And what has President Trump to do with it or is this more hype from the left?
serf
https://www.cnbc.com/2019/07/07/deutsche-bank-will-exit-its-global-equities-business-and-scale-back-investment-bank.html
Today we have announced the most fundamental transformation of Deutsche Bank in decades,? Sewing said Sunday in a corporate press release.
https://www.breakingviews.com/considered-view/deutsche-credit-upgraded-from-hopeless-to-hapless/
The new CDS are tied to Deutsche bank?s senior-preferred bonds, the highest-ranking senior security. Previously, traders could only use swaps tied to Deutsche?s non-preferred bonds, which are designed to absorb losses if the bank is wound down.
serf
https://www.cnbc.com/2019/07/07/deutsche-bank-will-exit-its-global-equities-business-and-scale-back-investment-bank.html
Today we have announced the most fundamental transformation of Deutsche Bank in decades,? Sewing said Sunday in a corporate press release.
https://www.breakingviews.com/considered-view/deutsche-credit-upgraded-from-hopeless-to-hapless/
The new CDS are tied to Deutsche bank?s senior-preferred bonds, the highest-ranking senior security. Previously, traders could only use swaps tied to Deutsche?s non-preferred bonds, which are designed to absorb losses if the bank is wound down.