Deutsche Bank (world’s largest derivative player) has it’s HQ’s raided by 170 police — raided again today — global banking impact ?
Source: https://news.bitcoin.com/deutsche-bank-headquarters-raided-money-laundering/
Deutsche Bank probably does not mean much to many people. However, in financial circles, Deutsche Bank is synonymous with the worlds largest financial derivatives player.
Meanign if there is a problem with Deutsche Bank and the derivatives positions are failing, well then you have a global banking issue on your hands becuase ALL the banks would be at risk.
We do know the raid was carried out by 170 German Police and they carried out boxes of records supposedly focused on money laundering data....but who knows exactly.
Deutsche bank’s stock is now trading under $10 share and has been dropping heavy for the past few months.
It’s hard to project what will happen and when —- but this raid is not a good sign.
Now there is a day #2 of raids at Deutsche Bank (source: https://www.zerohedge.com/news/2018-11-30/office-deutsche-bank-compliance-chief-raided-stock-slides-all-time-lows)
Today the Board Members offices and Compliance Office was raided —- seems like the net is widening.
We watch and wait.
the share price of DB keeps going down, maybe this is the new lehman
I don’t think they will let it collapse.
I rear the central banks can't let Deutsche bank fail. It will bring the whole fiat system down.
That is very true. They will do all they can and more to keep this DB up.
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
This kind of happenings (police raid at a bank) generally have very poor results. For all.
I agree. They have been guilty for years, but now the police are allowed to raid? Something has changed.
Yes, let's hope we find the truth.