Deutsche Bank CEO doesn’t reach accord with US
Source: Bloomberg
http://www.thestar.com.my/business/busi ... d-with-us/
German newspaper Bild am Sonntag reported that bank CEO John Cryan had failed to come to an agreement with senior representatives of the U.S. Department of Justice in a meeting late Friday. Sources confirmed the lack of a deal to CNBC but the bank declined to comment when contacted.
The Banking Recovery and Resolution Directive (BRRD), that came into force earlier this year - requires an 8 percent bail-in of a bank's creditors, including very large foreign banks and hedge funds — be applied before taxpayers get put on the hook.
The directive has a well-laid out structure for resolving a troubled or failing European bank, irrespective of whether it is a small lender in Italy or a national champion in Germany.
In the European money market, its funding costs are almost twice as much as those of its peers.
Deutsche Bank’s €1.75 billion of cocos recently traded at an all-time low of 69.97 cents on the euro
Thus far in 2016, Deutsche's fairly expansive ETF family has seen nearly $6.7 billion in outflows, representing roughly a one-third decline in assets.
All in all, fundamental analysis of Deutsche Bank stock shows that this is not a time for optimism.
Deutsche is seriously compromised on five of our six fundamental factors.
It may soon be joining Bear Stearns and Lehman Brothers on the big, always-bullish trading floor in the sky.
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