40 Burst results for "Deutsche"

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

00:31 sec | 29 min ago

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

"Financial conditions was on their radar but not necessarily stock sell off Simon thank you so much Thanks for joining us executive editor for Bloomberg economics Simon Kennedy Interesting conversation with Simon we will think about where the right story takes the banking narrative shortly Deutsche Bank closes out its most profitable year in a decade we'll hear from the CFO James von moltke will bring you part of our conversation with him We'll also keep you updated on what's going on on these markets as we see European equity markets pull back once again the latest twist and turn in what has been a really volatile week month few months for global equity markets and stock 600 down by just over 1% This is Bloomberg Burden Susan is so great to finally be able to get together again Oh it's short is And I really appreciate you picking up the bill I'm.

Simon Kennedy Simon James Von Moltke Bloomberg Deutsche Bank Susan
Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

03:15 min | 39 min ago

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

"European equity session at with a great expectation that we will actually open very much to the downside and that seems to be coming to coming to pass So the stock 600 down by just over 1% the FTSE 100 down by just over 1% The khaki aren't down by 1.6% the Dax just waiting for that to open the ibex in Spain down by 1.4% So you get the picture We've got some real weakness coming through on European equity markets This week of volatility continues as we rethink and recalibrate expectations around the fed We heard from the FOMC we heard from Jerome Powell endorsing liftoff in March and really leaving the door open to well could we see a bigger hike than 25 basis points in March Could we see more frequent hikes than the market is currently anticipating So all of that creating a certain hawkish sentiment from the fed and that has really knocked global stocks The MSCI Asia Pacific down by two and a half percent we now have Chinese stocks in bear market territory South Korea flirting with bear market territory Australia correction We already knew the NASDAQ in the U.S. was in correction but that's the direction we've been heading in for a number of weeks of course and that isn't just the fed That age is through that China story has its own dynamic and we talked about that a lot last year with certain regulatory changes there Other assets let's check those We've got a continued reaction to the fed in the bond market and in the dollar market so the dollar is stronger this morning up by three or four tenths of a percent on the various indexes of the dollar this morning as those higher yields at the short end of the U.S. yield curve push appetite for the dollar higher That's short end yield curve rise sustained this morning 1.19% is the yield on the two year so that is moving higher not moving higher at the longer end though the ten and the 30 year those yields coming down a little at the yield on the U.S. ten year 1.83% of that flattening a feature of the reaction to the focus we got on interest rates rather than quantitative tightening from the Federal Reserve Oil prices going to the downside a little this morning along with that risk of sentiment 89 53 down by half a percent on the Brent price So that's a look at where we are on the overall market narrative Let's get to some of the individual stocks stocks that we're watching this morning Bloomberg's Alexandra Muller joins us here in our London studio to take us through some of the stocks in focus Good morning to you Alexandra Let's start with Phillips What's the story there For a Philips it's a follow-up on the briefing device recall The U.S. regulatory FDA says briefing device Record is among the most serious type meaning that the trilogy evil ventilators and repair kids could cause serious injury or death If you look at the stock right now Philips is trading almost -3% Okay so we'll keep that in focus What about Deutsche Bank The movements in the overall market of course very much to the downside but I had seen suggestions that Deutsche Bank could move higher at the start of trade What's the story with Deutsche Bank The bank posted its latest earning this morning with a bit in revenue and with the guidance that is expected to top 2022 on revenue But even if the stock opened slightly higher it's not trading slightly lower You see some analysts see analysts saying that they remain skeptical about detriment future as they dubbed the consensus will give credit to this particularly guidance Okay and what about sir Elliot Tell us about that business and what they've said today That does contract catering And AR published earning this morning with revenue beaching in the first quarter however the suspended guidance for lack of visibility given the health protocol And we can see that with coronavirus cases elevated in France it makes sense And the stock is trading almost ten -10% today Okay Thanks very much For the update there Alexandra Miller in the studio with us for an update on the various stocks that we're watching this morning A lot of earnings out this morning So plenty to talk about Right that's some of the stock movers dealt with Let's get a broader look at our top stories this morning Here's Bloomberg's.

Jerome Powell FED U.S. Fomc Deutsche Bank Alexandra Muller Alexandra Let Asia Pacific South Korea Philips Spain Australia China
Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

00:57 min | 1 hr ago

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

"Thank you Sources say China's considering a proposal to dismantle every grand by selling the bulk of its assets the restructuring proposal would leave the developer with its separately listed property management and electric vehicle units A group led by cinder asset management would take over as unsold property assets Now automakers had lost have had their worst year since 1956 That's here in the UK That is thanks to the global semiconductor shortage pandemic related staffing issues and the closing of a key Honda factory according to the society for motor manufacturers and traders production file 7% in 2020 won the trade group expects a rebound to more than 1 million units this year And here in the UK asking prices for rental homes has skyrocketed at the fastest annual rate on record This comes as a surge in demand from tenants outstrip the supply of properties on the market right move says the average price landlords were asking for rose 9.9% from a year ago that's in the fourth quarter London rents are exceeding pre-pandemic levels for the very first time Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries I'm the angeren This is Bloomberg Caroline It is now to one of our top interviews Deutsche Bank closing out its most profitable year Here is the CFO James von moltke We've been slowly recapturing market share across both origination and advisory and anarchic business So in the quarter origination advisory was up 29% thick down 14% And as you say both of those results are in line with or perhaps a little bit better than some of the peer averages So we continued I think to at least hold if not gain market share against what was for us a relatively strong fourth quarter of 2020 Now going into 2022 as you ask we're actually seeing similar momentum The markets of course have been disrupted in the first few weeks of the year We feel that we've navigated that reasonably well We're actually doing a little better than where we were last year And we continue to see the client momentum We had late last year There may be as there always is a bit of a pullback in the corporate finance area as CEOs and issuers adjust to more volatile markets But our senses that we'll navigate through that as well Yeah disrupted volatile definitely feeling that throughout these markets At the same time yesterday you announced a share buyback for last year €700 million of course This is the first buyback in dividends You're starting to announce into this market as part of your €5 billion plan Can you give us more of a sense of the timeline for that plan What can future announcements look like It's too early I'm afraid Danny to offer more of the forward guidance We'll talk more about it at an investor day We have on March 10th But we feel like the 700 million capital return which breaks into 400 million of dividends and 300 of our share repurchase is an important first step in delivering on our promise as you say to return 5 billion of capital to shareholders over time It's an important milestone in the transformation of our bank that we commenced back in July of 19 Fair enough Is it fair though if I can just push you on that a bit to look at the 700 million is an annual threshold from here on out Well look we certainly would want to grow the dividend from here And therefore and that's an important part of our return profile And we think that share repurchases are an important part of that overall return given if you like the powerful corporate finance benefits of being able to repurchase shares at relatively low multiples of book value and earnings So we think that that's a very powerful combination We also had yesterday a fed decision of course you your peers very sensitive to rates as well Some of your peers in the U.S. have said that they expect the fed to hike 7 times this year Jay Powell yesterday left the door open to it Of course this affects your business greatly what global yields do What are your expectations for how the fed acts how tight we should expect monetary policy to be Well look in our economists do excellent work our House view has been for some time that the central banks were behind the inflation wave and that the transitory would not be quite as transitory And hence you're seeing a reasonably dramatic shift in the monetary policy environment We may see more of that actually even in Europe than had initially been anticipated We do therefore expect rate hikes and qualitative tightening this year As you say Danny it's beneficial by and large to the banks We obviously need to work through the volatility that arises whenever there's a monitoring policy shift But there's significant interest rate and possibly also upside beyond that in our business going forward James you mentioned in Europe I mean could we see surprise tightening the surprise moves from the ECB Well our economists on Monday called for the first move to be by before the end of the year on the deposit rate which is ahead of where the market is by far And in their judgment it's simply a recognition of the likely persistence of inflation although it will moderate this year we think relative to 2021 is conditions normalized somewhat The fact that that inflation will have lasted longer and it'll give in a sense the ECB and opportunity to begin to normalize the monetary policy environment That's the call of our economists Certainly something that would benefit our business But we also think that it's healthy for an economy to end what has been a relatively long-standing condition of negative interest rates I think we'd all see that as an unnatural condition and one that we would look forward to a normalization in respect of So Deutsche banks a CFO James von moltke they're speaking to Bloomberg's Danny burger after their results this morning Coming up next we'll discuss Tesla earnings this is Bloomberg.

Cinder Asset Management Society For Motor Manufacturer James Von Moltke Bloomberg Caroline UK Deutsche Bank Bloomberg Honda Jay Powell Danny China FED London
Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

00:32 sec | 2 hrs ago

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

"It is 6 30 a.m. in London I'm Tom McKenzie And I'm Caroline welcome to Bluebird daybreak a Europe where in a moment we will hear from Deutsche Bank around their earnings fourth quarter FIC sales and trading revenue does particularly well in terms of the markets though It's all about the fed so not ruling out a hike at every meeting avoiding the word gradual and QT will not be a substitute for rate hikes So that means global bond and stock market gyrations in Asia big sell off you see the topics down 2.6% Nikki two two 5 dropping 3.1% futures also deeply in the red for Europe with dropping 3% now for your stocks 50 futures S&P 500 evenly features down 1.4% And U.S. years across the curve have re rated we trade now once about 8 four 8 for the ten years of that off to a ten basis point move yesterday Those are the markets Okay we're setting up for a bloodbath that looks like across the European equity space that drop a 3% in the future as well Okay let's get to the top stories now with lean guarantee.

Tom Mckenzie Deutsche Bank Europe Caroline London Nikki Asia U.S.
Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

Bloomberg Daybreak Europe

01:18 min | 2 hrs ago

Fresh update on "deutsche" discussed on Bloomberg Daybreak Europe

"DAB digital radio So we've seen a defiant Boris Johnson and a defiant Prince Andrew the prime minister rejecting calls to resign We're still awaiting the Sue grey report to be published and the Duke of York says that he wants a full trial by jury over virginity phrase accusations We'll get into those stories for the UK but of course the market issue is the fed faster rate hikes coming causing carnage this morning in the Asian markets actually even more than they did in the U.S. Jay Powell certainly giving the clear impression that march is now concrete in terms of the first rate hike since 2018 and leaving the door open for more rate hikes than are currently being priced in by the markets The markets now moving to price and close to 5 rate hikes And the first rate hike there is now a view there's a 20% chance that could be 50 basis points versus 25 basis points So a more hawkish tone from J pal and the FOMC and of course that is impacting the equities that we're seeing across Asia and the futures here in Europe as well And now we have some breaking data because it's also a big earnings day so let me just highlight one story The French semiconductor maker SD micro it's a beat for these earnings The first quarter net revenue coming in at 3.5 billion the estimates had been for 3.25 billion Gross margins also improving for SD micro in the first quarter 45% for the gross margin The estimates were for just on that 42% Okay and we also getting Deutsche Bank's results this morning the focus on cost and capital Deutsche Bank's fourth quarter FIC sales and trading fixed income trading revenue comes in at €1.2 billion That is actually slightly below the estimated 1.28 billion fourth quarter net revenue comes in at €5.9 billion Again that there actually is a beat on the estimated 5.68 billion Also we did learn last night from Deutsche Bank that the bank is going to return €700 million through buybacks and dividends So that from Deutsche Bank And talking of buybacks another lender in Scandinavia SEB to distribute 5 to 10 billion Swedish krona through share buybacks in 2022 They're also beating on their interest net income of 6.72 billion Swedish krona versus the estimates of 6.6 So a beat in terms of interest income in the fourth quarter for that Scandinavian Scandinavian lender Okay let's bring you up to speed then with the markets right now So we've discussed the fed stock and bonds both dropped in the U.S. yesterday treasury's tumbled particularly short maturities The S&P 500 fell back though only two tenths of 1% by the end of the day the NASDAQ actually saw again although that hid a big intraday loss the U.S. ten year treasury yield now standing one spot 8 5% So that's after a ten basis point gain yesterday It's the Asian session though where the full meaning of the fed is being seen So the nikkei two two 5 currently down by 3.1% And the Cosby also eyeing a bear market Chinese index though this is the standout further divergence between China and the United States They've got relative outperformance by China Futures of course are tumbling though for the U.S. and Europe Now that features dropping 1.6% European stocks that actually had a good day and jumped 1.7% yesterday see futures now a whopping two and a half percent lower and the Bloomberg dollar spot index at the moment rising for a fourth day So those other markets Okay let's get some of the top stories the rest of the top stories now We're Bloomberg's Leanne.

Deutsche Bank Sue Grey Jay Powell Sd Micro Prince Andrew Boris Johnson Duke Of York U.S. Fomc FED UK Asia Europe
Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless

The Breakdown with NLW

01:59 min | 5 months ago

Daos, NFTS and Crypto Derivatives Win Attention as Billionaire Paulson Calls Crypto Worthless

"What are the interesting things about. Hedge funds and venture investors. Is that often times. One really big contrarian bet that pays off can solidify investors reputation for a very very long time. John paulson had one of those bets. Betting against the housing market in advance of the great financial crisis. That position ended up netting him and his investors something like twenty billion dollars which is very clearly a career defining bet however it hasn't been quite as good since then at peak in twenty eleven pulse and managed thirty eight billion that was down to nine billion by twenty nineteen when he shut down his hedge fund and started managing his own money an estimated three point five billion instead this is not the scoff at three point five billion dollar fortune but simply to point out the paulsen is proven himself to be pretty firmly in the camp of one really good call which perhaps takes the sting out of his recent comments on bloomberg wealth with david. Rubenstein about crypto. The setup to that combo is one. Many bitcoin is in particular will resonate with basically he says that an expanded money supply is going to drive inflation. His bet however big time is gold. He's backed it for years. And this apparently is finally. It's moment crypto. On the other hand he says will eventually prove to be worthless. I wouldn't recommend anyone. Invest in crypto currencies. Santiago santos said on twitter. It's hard to know. How much is luck versus skill and investing unless you can win and lose on purpose to this day. I doubt my ability. Here's paulson who got a tip from a deutsche bank trader too short housing poor track record since won't be as lucky. This time with crypto masari's ryan sell. Kiss was a bit snark here. John paulson must be bitter. That about thirty crypto investors and entrepreneurs have now leapfrogged him in net worth betting on gold versus digital gold financial internet and the user owned economy at this point is record shadowing boomer energy. What a savage and true phrase record shattering boomer energy

John Paulson Paulsen Santiago Santos Rubenstein Bloomberg Crypto Masari Ryan Sell David Paulson Deutsche Bank Twitter
Nationwide Train Strike Disrupts Travel Across Germany

AP News Radio

00:47 sec | 6 months ago

Nationwide Train Strike Disrupts Travel Across Germany

"And nationwide rail strike brought large parts of Germany as long distance and commuter train systems to a standstill that's occasion as it scrambled to remake their travel plans and children in big cities like Berlin squeezed into buses and trains to get to school train operator Deutsche Bahn said that as a result of the two day strike only about a quarter of its long distance trains would run on Wednesday and Thursday the company urged passengers to refrain from unnecessary trouble and said it would lift coronavirus related restrictions to allow every seat to be booked eleven of Germany's sixteen states are on summer vacation and travelers are heavily relying on trains to get around I'm in Syria Sheckley

Deutsche Bahn Germany Berlin Syria
Who Are the Pennsylvania Dutch?

Your Brain on Facts

02:23 min | 6 months ago

Who Are the Pennsylvania Dutch?

"Journey with me now to southeastern pennsylvania the area around present day york and lancaster for this topic voted on by supporters at patriot. Dot com slash. Your brain on facts where you can get swag and bonus content and you totally should and i couldn't think of an intro this week so my name's moxy and this is your brain on facts in the sixteen. Hundreds most of the people living in that region were the native americans. The all gone quinlan. Pay the susquehanna knock and others by seventeen hundred or so. All that changed as the dutch and english try to lay claim to the land on either side of the delaware river a century after that settlers from europe horrid into the area and claimed even moorland. Many of these new arrivals were german. Speaking and they brought with them a number of different religious traditions. Although many of them were staunch lutherans and protestants. There were also amish. Mennonite and anna baptist be venerated the saints of the roman catholic church and used prayers and liturgical blessings for everyday activities when it came to matters of healing they often included consecrated objects and invocations in tandem with herbal remedies. Sacred symbols were invoked for protection of the family but more on all that stuff later. These germans in pennsylvania became known as the pennsylvania dutch. They weren't dutch as the previous sentence. Should have indicated so why the name the most common explanation is that dutch was a corruption of deutsche which means german. But it's at least as likely that it had to do with what the word dutch meant. At that time in eighteenth and nineteenth century english dutch was used to refer to the whole broad germanic region encompassing modern day netherlands germany belgium austria and switzerland at the time the pennsylvania dutch left europe germany. As we think of it didn't actually exist. It was an amorphous. Mass of duchy's kingdoms and smaller states. Let me throw a surprise third contender into the ring. Pennsylvania dight day ch- being the language of the community in question

Pennsylvania Anna Baptist Quinlan Lancaster Delaware River Roman Catholic Church Europe Saints Deutsche Germany Netherlands Belgium Austria Switzerland
The Battle Raging Over Antisemitism and Israel in the Kids’ Literature World

People of the Pod

02:41 min | 6 months ago

The Battle Raging Over Antisemitism and Israel in the Kids’ Literature World

"A few weeks ago. I did a chabad table. Talk segment about a statement condemning anti-semitism released by the society of children's book writers and illustrators. And the apology that followed but there's much more to the story in fact. A battle has been brewing over anti-semitism israel in the children's literature world for quite a while. Gabby deutsche the reporter for jewish insider who wrote about the wider issue is with us now to discuss. Gabby welcome to people of the pod. Thank you excited to be here. So let's first talk about that apology. Did all of this come to light. Share so in the world of As these writers all kids literature is shorthanded. Everybody uses there has been a movement toward diversity calling out racism and all forms of aid and several months years as there has been of course in american society has evolved and about a month ago the beginning of june this organization the society of children's but writers illustrators put out a statement unequivocally condemning antisemitism was a very strong statement it was not political at all. It's not mention. Israel did not mention the politics of the u. s. or elsewhere in the world and jewish writers in fields. Were excited to see it and it was actually. I found my reporting the results of a lot of work by jewish writers. There was an open letter sent around urging this organization to put out a statement. It's an organization that you have to be a part of what you are starting your career. As a writer of children's books and young adult novels it helps people find agents. It helps them promote books. It helps them get bite to give talks. And we'll a lot of influence so when they put out a statement condemning. Assumpta cemetery to wait what happened after that was a lot of controversy on a statement that on the face of it looked very positive which writers in the jewish community ultimately agreed that it was so about two weeks after that statement semitism issued the same organization. Put out another statement. That looked in part to be walked that back. It seems sort of like an apology for their statement on anti-semitism. It's we apologize. The people we've heard you know specifically palistinian american writers muslim writers and many people. The jewish community got the sense that they were saying we can't condemn anti-semitism unless we also condemned islamophobia and other forms of pay and of course the jewish writers also scab against other forms of paid as well. But they were surprised to see the statement following what had been said about anti semitism which did not mention israel. It did not even mention the recent conflict between israel from us it was purely referring to the rise memphis is in the united

Society Of Children Gabby Deutsche Israel Gabby Assumpta Cemetery American Society Memphis United
How the Macro Landscape Is Shaping Bitcoin Markets

The Breakdown with NLW

02:00 min | 7 months ago

How the Macro Landscape Is Shaping Bitcoin Markets

"What's going on guys. It is tuesday. June twenty second and today we are talking about how the macro landscape is shaping bitcoin markets but first. Let's start with something completely. Gross this pseudonym creator of bitcoin dot. Org cobra has been ordered by the high court in london to stop hosting the bitcoin. White paper basically craig rights latest delusions of grandeur involve running around trying to sue everyone who has the bitcoin white paper on their website for copyright infringement cobra lost the case basically by default saying quote unfortunately the court rules allowed for me to be pseudonymously. However i couldn't defend myself pseudonymously. So i was put in an impossible situation of losing my privacy or losing the case in a default judgment. It sucks but there's nothing more i could have done really. I think the whole thing is disgusting but kober said it better than i could. So i'll just read his other statement about this all your fiat based assets ultimately secured by the same legal system. That today made it illegal for me to host the bitcoin white paper because a notorious liar swore before a judge that he A system where justice depends on. Who's got the bigger wallet. I don't think you can get a better advertisement of why. Bitcoin is necessary than what happened today. Rules enforced through. Cryptography are far more superior than rules based on whoever can spend hundreds of thousands of dollars in court. Let's move now however to a different topic if you were concerned that the steady push traditional finance into the crypto sphere was drying up. Today's barrage of news should make you feel much much better. We begin our journey in germany. The deutsche boerse group a german exchange operator has spent hundreds of millions of swiss francs to take a two thirds. Majority stake in crypto. Finance a g. Crypto finance is a regulated swiss platform for crypto trading storage and investment and. Here's what they had to say about the deal. Quote digital assets will transform the financial industry there is increasing demand from established financial institutions. Who are looking to become active in this new asset class and want a trusted partner

Kober Craig Bitcoin London Deutsche Boerse Group Germany
"deutsche" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 8 months ago

"deutsche" Discussed on Bloomberg Radio New York

"Deutsche Bank unveiling its hybrid model for remote work, the World Health Organization over the weekend announced the plan to name variants using the Greek alphabet, aiming to make it easier for the general public to discuss them. Doctor A Mish Adalja, senior scholar at the Johns Hopkins Center for Health Security On Bloomberg television and radio this morning. He talked about those variants. I do think what's important about the variance is to try and understand. Are they more transmissible? What mutations make them more transmissible? Do they have the ability to evade an immunity that you might have from natural infection? Meaning? Can you get re infected with the variant? And then Lastly, are they able to evade vaccines and what we've seen so far is none of the variance have the ability to evade vaccines, especially when it comes to what matters, preventing serious disease, hospitalization and death. Chance. Hopkins Bloomberg School of Public Health is supported by Michael R. Bloomberg, founder of Bloomberg LP. And Bloomberg Philanthropies. Among some of the vaccine names we track Fizer shares down 4/10 of 1% Instrument partner by on tech the 80 ours up 1.2% 80 yards of AstraZeneca down 800.9% Madona down 7/10 of 1% Change A Johnson and Johnson. Down, 2% source tells Bloomberg Madrid capital who's sold all of its stock in AMC Entertainment Holdings as of today, the same day, the movie theater chain disclosed that the investment firm had bought 230 million of fresh air's to support acquisitions. Shares of AMC surging 18.7% Gamestop up by 10.5%. That's a Bloomberg business.

Deutsche Bank Michael R. Bloomberg AMC 18.7% 10.5% 230 million AMC Entertainment Holdings World Health Organization Bloomberg LP AstraZeneca 800.9% 1.2% Bloomberg Philanthropies 2% 7/10 today Hopkins Bloomberg School of Pu 4/10 Johns Hopkins Center for Healt Johnson and Johnson
Deutsche Bank Reports Its Best Quarterly Profit in Seven Years

Bloomberg Daybreak: Europe

00:18 sec | 9 months ago

Deutsche Bank Reports Its Best Quarterly Profit in Seven Years

"A waste no more time to bring you into Line with the bank earnings. Deutsche Bank first quarter thick revenue up 34% versus 17% Wall Street average they reporting their highest quarterly profits and 2014 and they're raising their 2021 outlook Forecasting flat group sales will

Deutsche Bank
The Race to Succeed Germany’s Angela Merkel Just Got Exciting

Monocle 24: The Globalist

01:26 min | 10 months ago

The Race to Succeed Germany’s Angela Merkel Just Got Exciting

"The partnership of germany's christian democrats and its bavarian sister group. The hugh has long been considered one of the most stable imposible politics and for the best part of twenty years. Angela merkel has brought to. This has strong and steady leadership both as chairwoman of the cd you and as chancellor of germany but the race to replace this autumn threatens to uprootal this as the two parties have endorsed rival candidates for chancellor the cd you has backed almond lash. The party's leader. The issue is throwing its weight behind the prime minister of bavaria. Marcus urda well to examine what this will mean for the party. And for germany's future. I'm joined by suited david philp. Who's the deputy director of the german marshall fund berlin and also by kirsten gamla these deputy editor of the parliamentary bureau of the deutsche citing. Now let's begin with you suda. This week has seen a series of stages in meetings to try and work out who will take the helm on friday yesterday. Those a four hour long session wasn't that we're both men set out their stall. Yes i mean this is really something that the cdc issue Are have found themselves in a really difficult situation. Because at this point you have two candidates vying to succeed merkel who are going to come out of this process damaged And it's going to split the party So it'll be really interesting to see how the conservative bloc comes out of this

Germany Marcus Urda David Philp Angela Merkel German Marshall Kirsten Gamla Parliamentary Bureau Of The De Hugh Bavaria Berlin CDC Merkel
Deutsche Bank Is Still Hot for Apple Shares

Mac OS Ken

02:18 min | 11 months ago

Deutsche Bank Is Still Hot for Apple Shares

"Deutsche. Bank is still hot for apple. Shares tip ranks has deutsche bank analyst sydney ho issuing a note offering iphone numbers about which i do not care. Okay that's not true. The numbers are interesting and notable. Though the part i find most interesting is his news around apple retail about half of apple store. Customers have come back like physically. According to mr ho wall store traffic bottomed out. In the spring of twenty twenty it has improved sense and is now at about forty percent of fifty percent of the volume seen pre pandemic. It's like the reverse of that. Nature is healing thing as for iphone. Those numbers are relatively consistent. In fact those are his words tip. Rank says since the pandemic's onset the iphone share of the us installed base and length of smartphone ownership has remained in hose words relatively consistent when looking to make a smartphone purchase. The beat goes on to say fifty seven percent of iphone users and tend to get the latest model just below the fifty nine percent. Who plan to do so. In december of twenty nineteen storage wise lesser inclined to get five hundred twelve gigabyte models the highest amount of bailable although sixty four gigabytes appears to be insufficient to most since december twenty nineteen consumers. Buying sixty four gigabyte models have dropped from percent to eight percent while in the same period those purchasing one hundred twenty eight gigabyte models grew from twelve percent to twenty four percent. Sounds like a better asap to me as for the five g super cycle. Ho doesn't seem to think it's here yet. Quoting his note. The launch of five g smartphones does not seem to have significantly change the length of smartphone ownership both iphone and other although we do expect a refresh cycle to accelerate when five g. infrastructure is more built out. Deutsche bank has by reading on apple shares. the firm's price target on the shares is one hundred sixty dollars

Sydney Ho Apple Mr Ho Wall Store Deutsche Bank Deutsche United States HO
Germanys digital identity landscape with Verimis Roland Adrian

Let's Talk About Digital Identity

04:09 min | 11 months ago

Germanys digital identity landscape with Verimis Roland Adrian

"Hi roland oscar. Nice looking with you on and really happy to hear what is going on in germany in terms of identity in or ever seen related to that and happy to know more about very me very baheren hearing berry meal ready for the last year. San diego need to hear more details. What are the are building offering today so. Please tell us your journey how. You became the managing director very me. Yeah thanks you can. The many thanks for the invitation. Let's here and talk to you a little bit about the markets in germany. So yeah what was my journey becoming managing director of very me. Actually my journey professional. Johnny started twenty five years ago. When i started my career in consulting. Then some stations cashed out which is a department store group. And then i founded multi-platinum loyalty scheme together with start at telecom and from there. I moved to payback. Which actually is janis leading multi partner loyalty scheme. They are quite some markets worldwide than india mexico italy. Us and from all the travel. I got introduced to lose tons of course and became the ceo of lufthansa mice and more during that time. Actually i realized that the future is more. And more about seamless customer experience. Because if you look at lofton's in many cases the real loyalty benefits that you can get there. They actually translate into a real seamless customer. Experience that you get you look at all the tracks for security and immigration priority boarding presort seating in the plane actually the customers tend to reward benefits in their experience much more then any loyalty currency and so at the moment where then lufthansa invested into very me idea for me. It was very clear that this would be an exciting next step for me personally. So i decided to switch over to meet to be the ceo of me and push forward at digital identity to provide seamless customer experience for the users and i can induce that lufthansa is one of the funders organization behind very me. But let's more place for the ones who are not familiar with very still bear me does. In fact lufthansa there's actually one of the investors and we have altogether thirty very large companies in germany that invested into the very idea and a lot smaller companies are really known brand. Names such as liens deutsche. Bahn dot eubanks lufthansa dodger taylor com dime la some song fox button so all very large companies that invested into very me to establish of wallet of digital identities so that was the driving force and i think when we will talk about the market later on we will see that it was a very good moment to invest into such platform because the market urgently requires the platform and there's pretty much empty space currently in germany. And what we provide as bury me as this one click digital experience for very fight identification was in a pop. Misuse cases and at the core of it on is an identity platform. Of course that matches all the regulatory requirements for our anti money laundering or either substantial. And this comes along with the solution for strong customer syndication because the critical part of such a platform is not the identification of customer itself. Actually the critical part is the reuse. And that means the access to the digital identity

Lufthansa Roland Oscar Germany Janis Berry Lofton San Diego Johnny Italy Mexico India Deutsche United States LA
Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

The Breakdown with NLW

04:19 min | 1 year ago

Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

"What's going on guys. It is tuesday february sixteenth. And today we are talking about. You know it fifty thousand dollar bitcoin and specifically whether it's shows that we are in a bitcoin super cycle so i the news after a week or so of threatening the rubicon was breached this morning between seven forty five and eight am eastern time. Bitcoin punched up above fifty thousand. Now it immediately met cell wall and had a six hundred dollar candle down in is at the time of recording closer to forty nine thousand but to me that technical response is far less significant than these psychological barrier of a fifty thousand dollar being breached so today's special early breakdown is all about that. I reached out to followers this morning. Asking what topics you all thought were important for a fifty k. Show i also popped into a couple of different clubhouse chats to see what people were focused on and overwhelmingly across both of those mediums. The thing that people wanted to talk about is whether this is another indicator that we're in a bitcoin super cycle. I'm going to discuss this. It's going to be the main focus of the show. What the idea of a super cycle is where it came from what it might mean and some different ways to look at it but first let's blast through a few of the other topics folks wanted to disgust. Let's try to start with something that if not negative is sort of dismissive to be honest. It's kind of hard to find those bitcoin stomping face but here we are peter. Brant tweeted fifty. Thousand is a nice round number. That means absolutely nothing. Technically trying to sound smart just sound smart helps to define dumbness now. Let's contextualized. Peter is speaking to a trading audience and that trader audience are not supposed to in their own estimation get emotionally invested in an asset or let narrative shape. What they do. So let's give peter the benefit of the doubt and assume that that's who he's talking to however if he is truly arguing that technicals are all that matter about an asset. The easy rejoinder is that markets are by their very definition a constant give and take between narratives and technicals and frankly narratives tend to reshape the bounds that frame the upside and downside potential of those technical indicators either way for the sake of completeness i wanted to include something sort of negative but i think we can move on next. Let's discuss michael sailor. Just doing michael sailor things about five minutes before fifty thousand was breached. Sailor dropped a new press release from micro strategy long story. Short micro strategy is offering another six hundred million in debt and all the words of the press. Release our legalese. Except for this. Little line micro strategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins. Pomp summed it up perfectly when he tweeted. Michael sailor is carrying out one of the highest conviction investment thesis we've ever seen in public markets. Incredible to watch okay next. People are wondering how this happened. Or why will. I think the wise a little obvious. We saw an insane amount of positive news last week. Tesla b. and y. Mellon mastercard twitter. Deutsche bank morgan stanley. Every show for the last week has been about some type of crazy positive news. If you've been listening it's hard for that amount of positive news to not have an impact in other words. The specifics of win this fifty thousand dollar price was going to happen. Are for those technicals. That i was mentioning above to figure out but the overall momentum has clearly been in this direction. This actually gets me to another point. I was trying to articulate on twitter. We have this linear time bias. That when things happen quickly we tend to feel like that the thing that was before the you're comfortable with was the correct thing versus the new thing and the new change. That happened really fast. In other words. Bitcoin was between ten thousand. And fifteen thousand for a really long time so fifty thousand seems overvalued but what if instead based on what we now know. Bitcoin was in fact radically undervalued for that. Same ferry long time.

Michael Sailor Bitcoin Peter Brant Deutsche Bank Morgan Stanley Mellon Tesla Twitter Mastercard
Jono Bacon On Creating People Powered Communities

Leadership and Loyalty

04:48 min | 1 year ago

Jono Bacon On Creating People Powered Communities

"Maybe you are old enough to remember When teens hung out and so do the older generation who got their exercise their at the mall. Well as you are no doubt weh malls were dying long before the twenty twenty pandemic. Today they are on the last belabored breath. Do you care well unless you're big box store. Probably not but there was something about malls that went beyond shopping and that was community. People met in the food courts. People went for their excited. They were older. You know there was a place to hang out. There was a community that we gathered. the mo- community was very good for business but as malls disappear. How can we build communities that grow all businesses. Well that's exactly what we're going. See my guest on. Today's show john bacon. He is the also of an award. Winning book called powered. How communities can supercharge your business your brand and teams as well as four other books. John bacon is the leading community and collaborative speaker also and podcast. He is a columnist for forbes and open source dot com founder of the community leadership summit found of conversations with bacon and found of bad voltage. He is an advisor to alien vault. Molten data dot world microsoft open networking foundation and open cloud consortium. He works as a consultant with clients from setups like hacker joana manta most digital assets and others and major organizations like ink santander deutsche bank intel microsoft and a couple others so waiters and gentlemen. Please put your hands together. The is the most incredible intro. Think i've ever experienced on a podcast. Thank you very much to. I know we don't we scrub well. Welcome this is not nice w fit on the way to be lovely. Some of your listeners have no idea what wait so i guess on my show a long time ago in roland in is now but he he's an englishman to and he's also also from from yorkshire and we both work at human hacking conference together last year and they the the person who runs that conferences owns the conference was so an analyst accents that we could play. He wanted us to do ten minutes on stage. Just talking lancashire and yorkshire and that's what we did. Is this english. it's been a lot easier recently. I think when when when. I'd say i'm from i was born in yorkshire to say what does the accident. Now i can say. Game of thrones. Watch game of thrones and that's basically a northern accent that's true yes yeah popular virtue. Although both of us have gotten a little bit of a best is asian to away for a long time. Yeah exactly so general. One of the places. I'd like to start. The show is by asking. You know in this world of influences where. Everybody's an expert influence just look on instagram. Or if you don't know who is someone we might not know a might not even consider has been a major influence on you and on your leadership. Wow there's there's a few I mean one person that really kind of switched on a liable for me is Rory sutherland whose ogilvy Some years ago. I was not being. I've been working and building communities for awhile. One of things. I find fascinating about. This is the it's understanding. The the real deep motivations of why people make decisions why people collaborate together which obviously you spend a lot of time working on and i learned about behavioral economics. Through rory seventy didn't amazing tedtalk called confessions of an odd man and that really sent me down this rabbit hole of what is the role of psychology and how we come together as people and driving forces behind it. So he's definitely one person but you know as well i mean. Obviously seth godin is fairly well known but i the thing i like about seth. Godin isn't much. His teachings is more of his approach. His this fundamental focus on service that if you're of service to other people then good things will happen to you when you wave through everything that you do. I think great things happen

John Bacon Joana Manta Yorkshire Microsoft Deutsche Intel Rory Sutherland Roland Rory Seventy Seth Godin Godin Seth
Bitcoin prices soar as Tesla says it bought $1.5 billion worth

Yahoo Finance Market Minute

00:27 sec | 1 year ago

Bitcoin prices soar as Tesla says it bought $1.5 billion worth

"Spiked to a record. High hidden forty five thousand earlier after tesla said it has bought one and a half billion dollars of the digital currency and will accept bitcoin payments in the near future deutsche coin which has been dubbed the people's coined by ceo elon. Musk of tesla was mentioned over the weekend again by mosque on twitter. Sending mean crypto currency higher. Doj coin is up more than seven hundred percent in twenty twenty one and

Ceo Elon Tesla Musk Of Tesla Deutsche DOJ Twitter
Deutsche Bank to pay $130 million to avoid bribery charge

News, Traffic and Weather

00:20 sec | 1 year ago

Deutsche Bank to pay $130 million to avoid bribery charge

"Deutsche Bank has agreed to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in the foreign bribery scheme involving Saudi Arabia. Lawyers for the bank waved its right to face an indictment on conspiracy charges Friday during a teleconference in New York City. Deutsche Bank said it had cooperated with federal authorities.

Deutsche Bank Saudi Arabia New York City
Deutsche Bank to pay $130 million to avoid bribery charge

News, Traffic and Weather

00:20 sec | 1 year ago

Deutsche Bank to pay $130 million to avoid bribery charge

"And penalties of about $130 million to avoid a criminal prosecution on charges it participated in the foreign bribery scheme involving Saudi Arabia. Lawyers for the bank waved its right to face an indictment on conspiracy charges Friday. During a teleconference in New York City. Deutsche Bank said it had cooperated with federal authorities. We check your money at 20 and

Saudi Arabia Deutsche Bank New York City
Deutsche Bank to pay $130 million to avoid bribery charge

Bloomberg Businessweek

00:28 sec | 1 year ago

Deutsche Bank to pay $130 million to avoid bribery charge

"Deutsche Bank will reportedly pay upwards of $100 million to resolve criminal bribery charges. James Flip and reports prosecutors in Brooklyn Federal court accused the German lender of participating in a foreign bribery scheme by attempting to win business in places like China. Officials say the company has agreed to a deal to avoid criminal prosecution so long as it doesn't engage in the tactic again for three years. As part of the arrangement, the bank will not be required to plead guilty to the

James Flip Brooklyn Federal Court Deutsche Bank China
2021 Stock Market Trends Will Be Widely Dependent on COVID-19 Vaccine Distribution

Yahoo Finance Daily

01:38 min | 1 year ago

2021 Stock Market Trends Will Be Widely Dependent on COVID-19 Vaccine Distribution

"Traders are heading into the new year with a vaccine rollout underway and more stimulus recently passed offering hopes of a stronger recovery. Once inoculations allowed the restrictions that have swept the country for months to ease still hurdles exists to the outlook and one of the biggest deciding factors in economic growth and rebound in profitability for many corporations will be the success of vaccine distribution as covid. Nineteen cases continued to spike. Many strategists. have said the big question for the global economy over the years ahead will be. How quickly populations are vaccinated particularly among vulnerable groups like the elderly and those with underlying health conditions who make up the majority of hospitalizations deutsche bank economists including henry allen wrote in a note if the most affected groups can be vaccinated quickly that could pave the way for a gradual easing restrictions and a return to something closer to normality to be closely watching any issues with covid nineteen or the vaccine rolled out not least given the new variants that have been found in the uk and south africa. Which more rapidly and have been found in increasing numbers of countries. They added as of monday morning. The first doses of a covid nineteen vaccine had been given to more than four point. Five million people in the us comprising over one percent of the nation's population. However dr anthony fauci director of the national institute of allergy and infectious diseases said president elect joe biden's goal of ramping up distribution to vaccinate one hundred million people in his first one hundred days was a realistic goal. According to an interview with abc on sunday

Vaccine Distribution Covid-19 Stock Market Us Stocks Henry Allen Dr Anthony Fauci South Africa President Elect Joe Biden UK National Institute Of Allergy United States ABC
Pandemic wage gains were just a fluke

Marketplace with Kai Ryssdal

04:01 min | 1 year ago

Pandemic wage gains were just a fluke

"Come friday. We're going to get the latest stab shot on average hourly earnings in this economy and it is expected to show continued strong winds gains but our guy on economic statistics mitchell hartman. He says best to ignore that and focus instead on the trouble yet to come so a crazy thing happened on the way to the pandemic recession. After the economy shut down and twenty million people lost their jobs. Workers average hourly earnings went up skyrocketed. Actually up eight percent year over year but what got was was not signal. Joseph bruce willis is chief economist at rsm consulting. He'll be our guide through this thicket of wage data and when he says noise not signal he means fast. Rising wages have been a statistical anomaly of the pandemic economy high paid professionals kept working from home and mostly held onto their paychecks but millions of mostly low paid service workers lost their jobs. When you've got forty percent of households making forty thousand or less seen a job loss or loss in wages. That explains that head. Fake if you will on wages forty year old cinnamon deutsche is. An example of what bruce willis is talking about. She was teaching at a childcare center in asheville beulah ohio when it closed and she got laid off in march her three hundred and fifty dollars a week. Paycheck disappeared from the average earnings calculation. But she got unemployment which included six hundred dollars a week in extra federal pandemic pay until she was hired back three months later. I made twice as much on unemployment with the extra six hundred dollars. As i do now but i am glad to be back to work. I mean i like going to work so like many americans do inches. Income actually went up for a while because of additional unemployment benefits and relief checks but those temporary effects are fading. And just says we're in for a rude awakening. What i think we're going to see is a very bifurcated. Wage market this idea that k shaped economy separation between the hadgem. The have notch bruce willis says the haves those who work in what he calls. These zoom economy will have made goes at the upper end. Those who are already thriving. There's going to be competition for those workers. you know. Premium place their wages but for lower wage says workers even as the economy reopened and employers. Start staffing up again. Those in the middle to the lower end of the market where the damage occurred. They're not going to see a lot of wage growth. That's due in part to supply and demand. Lots of unemployed workers looking for jobs not enough job openings to give them leverage to demand higher pay. then there's something. Economists call downward nominal wage rigidity firms during hard times ten not reduce. The wages of the employee said they keep on the books but when the times get better wage gains core restrained. That is pretty much what cinnamon joy is seeing in her job. She's back at work fulltime at her previous salary of three hundred and fifty dollars a week. The extra unemployment income she banked back in the spring has run out. My credit card is back up to you. Know almost max out trying to pay five or ten bucks extra so that i can pay that down. I make enough money to pay my bills and have mcdonald's once in a while but you know if my car breaks down or have an emergency am just outta luck i i have to borrow from. Somebody doesn't expect chill get a raise until she hits ten years of service in twenty twenty

Mitchell Hartman Joseph Bruce Willis Rsm Consulting Cinnamon Deutsche Bruce Willis Beulah Asheville Ohio Mcdonald
"deutsche" Discussed on Biz Talk Radio

Biz Talk Radio

02:54 min | 1 year ago

"deutsche" Discussed on Biz Talk Radio

"Everybody's had to work from home. Some right. That's the new trend, right? Some people are going to continue working from home forever because companies like Well, I can have my sales people work from home. I don't get you have to have an office. I could save all kinds of money. Millions of dollars. Maybe maybe show a lot of in some cases they are, but this is really sped up The process that was coming anyway. I read in art. Well, that is sped this up by about eight years faster than it would have if we were just in regular 2020, and none of this craziness that happened. So if you occasionally work from home, you're probably not gonna like this next story economist at Germany's Deutsche Bank. Says government should impose a 5% per day tax on people who voluntarily work out of their house. Their argument is that you're contributing less to society, but you still enjoy all the benefits, whatever that means. CNBC contributor. Guy Adami disagrees. And so do I. Here's what he said. Maybe Deutsche Bank should take into consideration the lack of traffic on our roads and the lack of stress that's going to put on our infrastructure. Maybe I should get a rebate because I'm not going in and out of the Lincoln Tunnel every day. Or maybe Deutsche Bank should just focus on Deutsche Bank s. So I'm not sure I understand the bank's argument, but this is a good reminder that you never know. What next crazy tax might come up or where it might come from Brian. What do you do in this situation? You gotta be prepared somehow. Yeah, you run for another country. I think that's whatever but Yeah, that's one strategy. Thankfully, we don't live in Germany. So we're good there, right? So we've That's the funny thing we got. People that are are storming the streets and saying how awful The police are. And you know all this and change this and so will you don't like it? You know there is the door you can and let the door You were, You know, we're gonna frown on you. Not everyone. There will be many people that frown on you for saying that very thing, And that's fine, You know, but that's the thing and it's like, okay, so I don't like the way that we're doing this that we're doing that, OK, it's what the country is founded on. This is the way it's been for over 200 years. We're supposed to change that because of what? And so I guess that's the issue I with this. It's like this is ridiculous. One charge of 5% taxes for the privilege of or Gail, right. There is no reasoning for any of this, but most taxes, they're not. I mean, how did our country survive without all the taxes that we had? I mean, 100 years ago, we didn't have all the departments of taxation that we do today. Somehow we survive some. But we didn't have all these programs to fund either. Right now. We got a program for a program for a program. This department's on the top of departments, and that's where we really need to be cutting, not increasing taxes. We need to cut We need to cut when we don't have the money. It's just like a business. Businesses can't continue to spend money they don't have They just don't they go Hey, times are tough like Delta and American Airlines. Look at the hospitality industry. Are they spending more money right now? No, they're not. They're not increasing their prices..

Deutsche Bank Germany Guy Adami Lincoln Tunnel CNBC Brian Gail Delta American Airlines
"deutsche" Discussed on Biz Talk Radio

Biz Talk Radio

07:25 min | 1 year ago

"deutsche" Discussed on Biz Talk Radio

"8662 planned four is the number 866 teeth. O p L a in and the number four. Just spell it out 866 to plan and the number four or you can find us at retirement plan now dot com. Alright, Brian, Everybody's had to work from home. Some right. That's the new trend, right? Some people are going to continue working from home forever because companies like Well, I can have my sales people work from home. I don't have to have an office. E could save all kinds of money, millions about him and maybe maybe so lot of in some cases there, But this is really sped up the process that was coming anyway. I read it. Article that is sped this up by about eight years faster than it would have if we were just in regular 2020 and none of this craziness and happened, so if you occasionally work from home, you're probably not gonna like this next story economist at Germany's Deutsche Bank. Says government should impose a 5% per day tax on people who voluntarily work out of their house. Their argument is that you're contributing less to society, but you still enjoy all the benefits, whatever that means. CNBC contributor. Guy Adami disagrees. And so do I. Here's what he said. Maybe Deutsche Bank should take into consideration the lack of traffic on our roads in the lack of stress that's going to put on our infrastructure. Maybe I should get a rebate because I'm not going in and out of the Lincoln Tunnel every day. Or maybe Deutsche Bank should just focus on Deutsche Bank s. So I'm not sure I understand the bank's argument, but this is a good reminder that you never know. What next crazy tax might come up or where it might come from Brian, What do you do in this situation? You gotta be prepared somehow. Yeah, you run for another country. I think that's what Uh huh. Yeah, that's one strategy. Actually, we don't live in Germany. So we're good there, right? So we've mean that's the funny thing we got. People that are are storming the streets and saying how awful The police are, And you know all this and change this, And so what if you don't like it? You know there is the door and let the door you were, you know, going round on you? Not everyone. There will be many people that frown on you for saying that very thing. And that's fine, You know, but that's the thing and it's like okay, so I don't like the way that we're doing this. We're doing that. OK, It's what the country is founded on. This is the way it's been for over 200 years. We're supposed to change that because of what? And so I guess that's the issue I with this. It's like this is ridiculous. One charge of 5% taxes for the privilege of working right There is no reasoning for any of this, but most taxes, they're not. I mean, how did our country survive without all the taxes that we had? I mean, 100 years ago, we didn't have all the departments of taxation that we do today. Somehow we survive some, but we didn't have all these programs to fund either. Right now. We got a program for a program for a program the department's top of departments, and that's where we really need to be cutting that increasing taxes We need to cut We need to cut when we don't have the money. It's just like a business. Businesses can't continue to spend money they don't have Just don't they go Hey, times are tough like Delta and American Airlines. Look at the hospitality industry. Are they spending more money right now? No, they're not. They're not increasing their prices. That's what the taxation is right there, not saying Oh, we're going to charge more because people aren't staying in our hotels. No, they're cutting expenses. They're selling assets. They're doing the right thing. That's what the government should be doing is going in saying Let's cut 25% of this program that we really don't need. It's great to have it in the good years. But this isn't a good year. We're spending way more money just for health care. And a lot of services because of covert 19 restrictions. Yeah, we may need I know. Hate to say it. We may need to cut a little bit. My goodness, Tighten up the belt straps. I mean, like real people would do. That's crazy. And it doesn't matter if you're Democrat, Republican independent libertarian politics. Yeah, maybe somebody it's across the ball aboard. I mean everything. Unfortunately, I mean, I think that's why I have like politicians that have come in and said Let's not just cut on one side, not just warfare and welfare. Let's go across the board we have to do we have to be fair and do it all the way across and and get rid of the things that are not completely necessary that maybe we didn't have 30 years ago. You know, some of these departments didn't exist, and somehow the government continue to function. Yeah, I I'm on the side of those people. Whoever is ready to cut and cut and cut and make the government work bare bones. That's the way I liked it just to see it. That's that's who I was because those cases Get elected? No, of course. Yeah, right. Yeah, they the ones who get elected that say they're going to spend to oblivion and give everything to every member every free. It's free. Your college is free. You don't have to work. You can sit at home and collect checks for free. It's wonderful. Everything's free. And you're gonna make all this money by doing nothing and that that's a productive society something. Yeah, No, that's it. That is a huge problem. If you come in and shake it up too much, though you get voted out of office. Right? Exactly right. If you actually start cutting that you've got a two year, four year term limit, you're done right? And so somebody else would come in and spend for you. So by look, I mean, when you talk about taxes, that's that's what I really wanted to talk about. This article is taxes are going up everywhere across the world. If you look in, you know, Europe and you look at you know some of the countries that Have come before us on the debt program That's they've had in these new politicians come their taxes and people are are they fight about at the beginning, and then they're okay with it. You know, just because they're you don't feel like there's anything you can do. There's nothing you can do So okay. So now I'm paying 50% tax. We've got clients. I've talked about it with you before they live in the UK and they're Americans. Their tax great over there is 50 plus percent. And they're not making, you know, half a million dollars a year if they were here and us equivalent dollars they'd be making about 150 grand. Jeez, Louise. I mean, it's that couple that worked professionally, right? So they're making maybe 75 It might be 200 to go back and look at the tax return. But The ideas. They're not, You know, super high income earners like doctors or making 390 year and they're paying 50% tax. Yeah. Do you understand the impact on someone's retirement? If they're taking out 100 grand a year and we thought they were only gonna have to pay 20% in tax. Yeah, better now than theirs. E mean, Well, that's like that's life changing differences. That's exactly what we're trying to avoid. By saving Right. It's like, OK, Yeah, we're gonna We're gonna net you 80 0 now because tax rate change. We're gonna get you 50. There's your lifestyle going to change a little bit $30,000 a year income and money it will be less and less and less every year because of inflation on the money's gone and it's not able to grow inflation. Another thing. I'm just saying the money's not there to grow if you pay if you sent it to tactics Yeah. No, it is frightening. Look, let us work. We're not saying that tax is gonna be 50 50% the United States hope but hope not. But what we are saying is they're going up and everybody I think with a fair mind would agree with that. If you want to avoid some taxes, pay less in taxes. This is the way to do it with a retirement blueprint. It usually cost between about 1999 and 39. 99 somewhere in there between two and four grand. Basically, if you're just come off the street. We're making them complimentary three of them on the show today. If you say $500,000 or more for retirement will be complimentary. You will not pay that fee 866 to plan for 866 T o P L A N and the number 4866 to plan for You can also find us at retirement plan.

Deutsche Bank Germany Brian Lincoln Tunnel Guy Adami CNBC United States Europe UK Delta Louise American Airlines
Work From Home Tax (MM #3526)

The Mason Minute

01:00 min | 1 year ago

Work From Home Tax (MM #3526)

"The with kevin mason. Have you heard about some of the people in the finance industry suggesting that the us adopt a work from home tax here in the future to help get us back on our economic feet. I don't folks from deutsche bank or talking about it and some other investment people saying that basically anybody who ops to work from home should have to pay a five percent tax on their income because they're not contributing to the economy like they were. They're not buying as much gas. They're not buying as much food at restaurants and they're not out in about contributing to the economy. Of course what they don't take into account like with my wife working at home. Our water bill has gone up by ten dollars a month because she's here using our water all day. Our electrical bills have gone up because more computer powers more equipment on. She's cooking her lunch from home now so again. Our costs are going up and of course we're not eating out in restaurants as much but we're spending more at the grocery store. I appreciate investors and bankers wall street trying to fix our economy for us but we think they need to care the little guy a little bit. More five percent work from home tax for some people

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings Deutsche Bank United States
"deutsche" Discussed on 850 WFTL

850 WFTL

01:58 min | 2 years ago

"deutsche" Discussed on 850 WFTL

"Weekend big news from torture bank and it's not really good they announced they might cut twenty thousand jobs around the world crazy we try that one again that's twenty two percent of their work force ninety one thousand employees eighteen thousand of them might lose their jobs according to the bank they're struggling to compete on a global basis I'm gonna ask you a question do you work for Deutsche Bank for a lot of Americans who do and if so you've heard the news already when I ask a simple question what have you done about it see this is what drives me crazy is that every so often a big company will announce layoffs and they're doing so to give their employees a heads up there doing so because they're going to in many cases offer buyout options they'll say look you we're not forcing anybody to quit but here's a buyout offer you can accept it or not and very often when people hear that layoffs are coming they just sit and wait to see if there are among those laid off well if you're hearing news that layoffs are coming you should be pro actively engaging in the search for your next job you don't have to accept the next job but wouldn't it be good to know that you've got one ready for you in fact just because you don't work for Deutsche Bank maybe work for city maybe work for chase maybe you work for Wells Fargo maybe work for you but maybe work for another bank if Georgia is cutting massively is it possible that this is representative of a trend within that particular industry he won one automobile manufacturer does a big series of layoffs or factory closings it's often reflective of what's happening in the industry same thing in the airline industry in the manufacturing industry in the computer industry in the pharmaceutical industry.

Deutsche Bank Wells Fargo Georgia representative twenty two percent
"deutsche" Discussed on KPCC

KPCC

01:37 min | 2 years ago

"deutsche" Discussed on KPCC

"Deutsche Bank would come in and take over those countries banks and. Conduct. What's called Aaron ization basically, removing Jews and other non aeriens from these companies and replacing them so part and parcel of the Nazi military machine. And after the war ends, the Bank CEO is tried and convicted of being a war criminal, the Bank is regarded by the western powers as having been a participant in war crimes, and being a criminal entity. So what happens to your Bank after the war after the war it becomes a leading force for the reconstruction redevelopment and reunification of Europe and the Bank and its leaders, they essentially become a force, for good in the world and help rebuild the western world has been shattered by World War, Two and this lasts for a couple of decades. And then there's this succession of CEO's who try to figure out what's direction to the Bank, and the voice, they take to go headlong along, this path of chasing Wall Street riches, and that means they all of a sudden need to go from basically, zero to sixty in the United States, and that leaves them to decide to start getting into all these new businesses in the US. They wanna get bigger in stock and bond trading. They wanna get bigger emerges, neck. Missions and they wanna get bigger in commercial real estate, especially in New York City. So how are they received on Wall Street? Does anybody know them? No one can even pronounce their name. So what's the strategy if nobody can even pronounce your name?.

Deutsche Bank Bank CEO Aaron ization United States New York City Europe
"deutsche" Discussed on Planet Money

Planet Money

06:09 min | 2 years ago

"deutsche" Discussed on Planet Money

"Trumps. Support for NPR and the following message come from capital one's business credit card, the spark cashcard offering unlimited two percent cashback on everything you buy for your business Capital One. What's in your wallet? Visit Capital, One dot com. For more information. So how many candidates are running for president twenty two maybe more to come in as a lot to keep track of which is why the NPR politics podcast is hitting the road to introduce you to all the people running for president join us on the campaign trail as we interview the candidates to ask why they are the best pick for president follow along this spring and summer by subscribing to the NPR politics, podcast. All right. We're going to pick up now with Andrea Bernstein of the podcast. Trump inc. In may of twenty fifteen Yvonne could Trump's husband. Jared Kushner's company buys the retail floors of the former New York Times building for just under three hundred million dollars then sixteen months later, the Kushner's go to your Bank, they get an appraisal. That says the property is worth two hundred million dollars more than they paid. The Kushner companies have said the increased value was because they were going to get more lucrative tenants. But anyway, they get a big loan from Deutsche Bank. It's for more than what they I paid for the building. They walk away with seventy four million dollars in cash. In two thousand sixteen someone Deutsche Bank. Finally decides to say no Trump's running for president. He asked for money for renovations at yet another golf course this one's intern berry in Scotland. And this is the moment inside the Bank, where one senior executive after another realized just how deep and longstanding the, Donald Trump relationship was, and people are stunned, and they put a stop to David enrich. The loan was initially rejected by a committee in the US that's supposed to veterans actions with an eye towards protecting the bank's reputation and then Rosemary Ravlic team appealed that decision, which is quite unusual. And this went up to London and then Frankfurt where there's a big fight at the top of the Bank about whether or not to do this loan. And it was eventually killed by the guy who is now the CEO of the Bank, Christian seven he's the guy we heard being interviewed at the beginning of the story, by the German journey. Analyst are you sometimes mad at you predecessors? No, no. No. I think also that you learn that in sports, you never look back. I mean, this is setting it Davos again, he saying the Bank is trying to turn a corner, come clean, make things right, Geno. What you just want to make this bang. Now again, a Bank, which lives up to the standards, and which has the reputation, which is used to have and therefore under looking big. I'm not mad at read assessors I just want to get my job ride. And at the end you know what we need to bring pride back to. Today, the Bank faces an array of potential traps. For instance, if Trump defaults on his loans, they'd have a choice, seize the assets of the president of the United States or let the slide and given unimaginably large gift to a sitting president. Trump's relationship with Rosemary for apple. It continues she was given VIP seats at the inaugural. And this has not been previously reported. She was one of a select group of people who got to stay at Trump's hotel in the old post office in Washington during the inaugural. According to a person familiar with the arrangements that weekend, other guests at the hotel included. Jared Kushner's family and key inaugural personnel. The Durant loans come due in twenty twenty three the old post office and the Chicago loans in twenty twenty four all during the possible Trump, second term. So House, Democrats have subpoenaed, a bunch of records from Deutsche Bank and President Trump and his children. Ivanka Don jR, and Eric have sued to prevent the release of those records and inner complaint. They allege quote the subpoenas were issued to harass president Donald J Trump to rummage through every aspect of his personal finances. His businesses and the private information of the president and his family and to fared about for any material that might be used to cause political damage and quote to congressional committees responded. They filed a brief opposing the lawsuit, and in it, they say, they have quote, serious and urgent questions concerning the safety of banking practices, money laundering in the financial sector foreign influence in the political process, and the threat of foreign financial leverage. Incl-. Leading over the president his family, and business and quote just today at hearing a federal judge ruled against the Trump's Andrea Bernstein was at that hearing. And for more on that part of the story, go, listen to their version of this episode on the Trump Inc podcast. You can find it at Trump Inc, podcast dot org from WNYC and propublica, go subscribe for more stories just like this. The Trump Inc. Team includes make Kramer, Cathryn Sullivan, Alice wilder Bill moss Ilya, marritz, Charlie Herman, Eric demand. Ski Nick Varsha ver- and Robin fields. The original music is by Hannah's Brown, this planet, money version, was produced by dairy and woods. And lights Yeager. We always like to hear what you think of the show. So send us an Email at planet money at NPR dot org. Were on Facebook, Twitter and Instagram at planet money. I'm Elsa chain. Thanks for listening.

Donald J Trump president Bank Trump inc Deutsche Bank Trump Jared Kushner NPR Andrea Bernstein United States Rosemary Ravlic Incl golf Davos New York Times Eric demand Facebook Analyst Hannah
"deutsche" Discussed on Trump, Inc.

Trump, Inc.

07:06 min | 2 years ago

"deutsche" Discussed on Trump, Inc.

"Business. So let's go back to the beginning of Trump's relationship with Deutsche Bank kits nine hundred ninety eight his life is like the Destiny's Child song. Crump's companies have declared four bankruptcies, and he stiffed so many lenders that the big banks like chase and CitiBank won't go near him. We'll Trump was looking for a Bank any Bank would do David enrich of the times has an upcoming book about Deutsche dark towers, the inside story of the world's most destructive Bank. He says, when Deutsche Bank I approached Trump in nineteen ninety eight. Both Trump and the Bank needed each other. He was completely frozen out of the financial system. BC kept defaulting on loans, and Deutsche Bank in the late nineteen ninety s was very eager to make a name for itself in the United States. So they really needed to go searching on the fringes to find clients that, were that had a bunch of money, but that there reputations were sufficiently scuffed up that they were not suitable clients for the big elite Wall Street, investment banks and Donald Trump fit that Bill perfectly said, the Bank, lent him money. For downtown Manhattan. Skyscraper into building across from the UN and Trump's business came with perks he would fly bankers to Atlantic City for boxing, matches take them to the US open tennis tournament in queens. Then he asked the Bank to sell high risk bonds junk bonds to keep his casinos going, and riches. Reporting found Deutsche bankers initially didn't want to. But when Trump dangled a weekend, mar-a-lago, they sold four hundred eighty million dollars in bonds. Everyone is really pleased with the outcome until a few months later Donald Trump default on those junk, hunts, which is Jesuit. Everyone had feared would happen in the first place. So they're sort of long-term reputational risk of selling junk bonds that are gonna default her relevant. Thank you. Everybody is quite a crowd, not too long after Trump was once again, bound up with story, shebang, they lent six hundred and forty million dollars for Trump Tower Chicago to help get the loan. He assured bankers that his daughter, Ivanka, then a recent college grad would be in charge of the development. The family was in it for the long haul. We're very, very happy with what's happened with respect to this building. And how fast now September two thousand eight it's virtually shut down. But we got this one Bill, and we're really two months later. Trump defaulted. Then he did something unusual and on day, she's after defaulting on the loan, Trump sued his lender Deutsche Bank the lawsuit began, like this, this action arises out of defendant, deutchebanks attempt to derail the successful completion of one of the most acclaimed construction projects to be built in the United States in recent times. It went downhill from there. Trump claimed he couldn't pay back Bologne, because the financial crisis was a force measure, an act of God, and that Deutsche Bank was responsible for the crisis. Anyway, he asked for billions of dollars in damages deutchebanks sued him back. The Trump's kept sailing units and Chicago. Hi, I'm Yvonne could Trump in the real estate business? The word luxury is terribly overused, and like the word beauty. It's lost much of the impact that it once had, but I'm going to rescue Bunka Trump has by now become a key marketer for Trump properties. Fabulously, luxuries. Ninety two story Trump International hotel tower, it's already taking its place is one of the icons on Chicago's famous skyline. Finally, after a few years, the two sides, settled, Trump is on the hook for forty million dollars, which he personally guaranteed. He needs to pay that back to Deutsche Bank where does he get the money? This is where they're already strange relationship gets way stranger. Out of the blue the person who comes to his rescue is his, new son in law, Jared Kushner, David 'enrich shift, the New York Times, and he had Jerry Kushner, had struck up a relationship with a private banker at Deutsche Bank named Rosemary of rap lick. Do we know how do we know how they met, we don't that is one of the world's greatest mysteries? If you occupy my brain. What I know is that in probably around the summer of two thousand eleven Jared, arrange a meeting for his father in law to go into a Bank and meet with Rosemary, Bradley, who at the time was one of the, the real shining stars in deutchebanks, private banking, business and private banking is kind of a weird business that most people who do not obsess over the stuff probably never heard of an it's part of the Bank that caters to the world's richest people. The job of a private banker is usually to help rich people protect their wealth and growing even more to keep tax authorities away from their investments and companies private bankers, do not usually loan money for large commercial real estate developments. Ramlet did not respond to our questions for this story as before Trump showers. Attention on all the right, people rabbit comes to Trump Tower gets treated like a friend. There's a favourable profile of her in one of Jared Kushner's newspapers. So there's fairly quickly meeting of the minds between Rosemary for lick, and Donald Trump, that maybe this arm of Deutsche Bank the private Bank, can strike up a fresh relationship with Donald Trump and do what no other Bank on Wall Street at this point is willing to do what no other Bank is willing to do is loan. Trump forty eight million dollars to pay off the Deutsche Bank, Chicago loan, because Trump has defaulted on his loan and sued the Bank for billions of dollars. But with the help of Rosemary fabric, he's getting money from Deutsche Bank to pay off Deutsche Bank, no one has ever seen anything like this. In fact, a lot of the people, I've talked to at the Bank and previously at the Bank, had initially insisted this just hadn't even happen. This is not the way it worked. At all. And it is the way it worked, and is just so extraordinary and unusual that no one believed it to be possible. Delays anchors have told enrich their private wealth unit made money from Trump because he opened personal accounts. There brought them business. And yet, this is one of the clearest examples I've ever seen of a Bank that is so dysfunctional in so careless about is risk management in so careless about the reputations of its clients and so- loose with the protection of its own reputation, that it would allow a guy who has repeatedly defaulted and burn the Bank and cousin, huge public embarrassment to borrow tens of millions of dollars from another arm of the Bank to repay the part of the Bank that he is engaged in litigation with it just it's really mind blown.

Donald Trump Deutsche Bank Trump Bank Bank any Bank Trump Tower Trump Tower Chicago Trump International hotel towe Deutsche dark towers Deutsche Jared Kushner Rosemary Chicago United States deutchebanks Crump David Manhattan CitiBank
"deutsche" Discussed on Trump, Inc.

Trump, Inc.

11:54 min | 2 years ago

"deutsche" Discussed on Trump, Inc.

"Ladies and gentleman. Very welcome in January, the head of Japan Christian seven did an interview with the Houston business editor at the German newspaper did site. The two were speaking at a reception at the World Economic Forum in Davos, Switzerland. You wanted to become a journalist of all profuse Heusen, the newspaper, man, asking the banker if you were a journalist, how would you report on Deutsche Bank today? So in a nutshell what you, right? The Deutsches CEO is taken aback. He fumbles for a moment. I would say Deutsche Bank is the most significant self-help story, the financial industry. That's how the detailed editor doesn't really want to talk about self help sometimes with Dutch makes the case that just it seems to get better. There is another problem like in, in November when things really looked up and then all of a sudden stated Tony's came in search dodger Bank headquarters under the suspicion that Dutch was involved in in Monday, laundering activities. What was your first thought? In a nutshell. A few months earlier, the German police had raided the bank's Frankfurt headquarters. No. Of course at that point in time. It's it's disappointing not disappointing. You know, personally for me, but being subject to investigations and regulatory actions has become the new normal for Bank in recent years. The Bank has been fine billions of dollars for lax controls on everything from laundering Russian money to violating sanctions against Iran, Libya. And Sudan, somehow you life is tainted by pest how with the constant uncertainty that something is light pop up. You know, I think that makes live really interesting, right? I mean. That's life has become very interesting for deutchebanks. In a recent portfolio congress reveal that has been asking for detailed records of frump family business interactions with Deutsche Bank in the file in congress said straight out, it's investigating the relationship for possible money laundering, illicit financial deals fraud and foreign influence in the two thousand sixteen elections. By its own admission. Deutsche Bank has a history of serious compliance. Deficiencies when it comes to global money laundering in the very recent past. Now comes a new revelation from the New York Times deutchebanks own anti money laundering experts flagged multiple suspicious transactions, they were as recent as twenty sixteen and twenty seventeen and involved Trump's business and the one formerly run by his son in law, Jared Kushner among the transactions one, we're money had moved from Kushner companies to Russian individuals. The times wrote that deutchebanks money laundering experts were so concerned they wanted to report these transactions to the US treasury, but supervisors refused to do so. Carrie McCue, deutchebanks spokeswoman said in a statement alert dispositions by investigators undergo a higher level review by qualified staff. Transaction monitoring castle wide net and not all alerts will result in esscalation. She added we take responsibility for compliance very seriously. And that the Bank has increased our anti financial crime, staff and enhanced its controls in recent years. A spokesperson for the Trump organization emailed, the statement, this story is absolute nonsense. We have no knowledge of any flagged transactions with Deutsche Bank. In fact, we have no operating accounts with Deutsche Bank, we sent questions to the Kushner companies, the White House Trump's private banker and lawyers for the Trump's in Jared Kushner, the White House did not have comment. The others didn't respond. Meanwhile, the investigations pile up those Pena's were sent a multiple financial institutions including Georgia Bank, the house, intelligence and financial services committees are hoping to get information on loans. The German Bank gave a to the Trump and Trump organization and vicious presidential harassment. This is all these people do ever Trump earlier today and FOX and friends calling it harassment is the Trump family and the organization, sue deutchebanks and Capital, One two blocks of Pena's. So we've issued subpoenas into your Bank, and we are collecting a lot of the documents that we had requested. And we are reviewing I can only tell you that the investigation came about as the result of the testimony, Michael going. Hello, and welcome to Trump Inc podcast from WNYC, and propublica that digs deep into the secrets of the Trump family business. I'm Andrea Bernstein today on the show Trump and his family's relationship with Georgia Bank, a Bank with a history of problems. They were laundering money for wealthy Russians and people connected to Putin in the Kremlin in a variety of ways for almost the exact time period that they were doing business with Donald Trump. This is David enrich, the finance editor of the New York Times, and all of that money through DOJ Bank was being channeled through the same exact legal entity in the US that was handling the Donald Trump relationship in the us. And so there are a lot of coincidences here. There's a lot of smoke. I have not found any fire, but unfortunately, I do not possess subpoena power. We're going to walk you through all that smoke. Trump Inc, is an open investigation. So we're just going to say wait now. We're still not sure what this all adds up to. What we do know Trump right now about three hundred and fifty million dollars to your Bank more than he does any other financial institution. And so much is happening regarding the Bank so fast. But we decided to lay out what we've learned by digging into Trump's financial deals with the Bank and why his recent loans, raise so many questions questions raised by congress. The new York Attorney General and the bank's own employees. Let's get to know Deutsche Bank it likes to think of itself as a cousin of other global institutions like J, P Morgan Chase or Citi group, but Deutsches recent history, sets it apart from its competitors after the global financial crisis in two thousand eight Deutsche Bank, like all banks was under financial pressure. At the same time, there was more and more wealth, building in Russia and Russians wanted to get it out of the country. Maybe they earned it illegally. Maybe they were just scared that, if they kept their money in Russia, Vladimir Putin would have it seized banks are supposed to run checks to make sure they're not helping criminals move dirty money, and New York state regulators found deutscher didn't do that between two thousand eleven and two thousand fifteen the Bank improperly and covertly helped usher, ten billion dollars out of Russia and into London and New York and it got caught. We spoke to the woman. Man who did the catching my name is Maria Vullo? And I was the superintendent of financial services from early two thousand sixteen through February one of two thousand nineteen, she oversaw banking, and insurance in New York state, just after Trump was inaugurated Vullo signed a consent order with, which a Bank in it Deutsche acknowledged it had allowed bad actors to achieve improper ends. This consent order addresses the man had serious compliance. Deficiencies that spanned deutchebanks global empire. These flaws allowed a corrupt group of Bank traders offshore entities to improperly and covertly transfer more than ten billion dollars out of Russia by conscripting Deutsche Bank operations in Moscow London and New York to their improper purpose. Deutsche Bank paid over six hundred million dollars in penalties in New York, and in the UK and said it would address its deficiencies. Here's how the corrupts game worked it began in Moscow with an order by a shell company to buy a specific amount of stock, but the buyer, one asked for a particular company stock just the amount. They wanted to spend investigators found some prettiest Pacific emails like this one I have a billion ruble today. Misspelled, by the way ruble. But will you be able to find a security for this size? So then what would happen the same day, which a Bank made up Murchison in Moscow, it would make a sale in London of the same amount of stock the trades. Mirrored each other for that reason, they're called mirror trades, ten billion dollars were moved in this way rubles to pound two dollars, possibly dirty money going in clean money coming out. If you're a Bank, you're supposed to have systems in place to prevent trades like this, because it makes it easy for criminals to wash their money through the. Mancial system. So, yes, there was a supervisor on the Moscow desk, which appeared to have been paid a bribe or some other undisclosed compensation to facilitate the schemes employees complained. They were pushed off. No one did anything even when another bag asked which Bank is something going on here. Deutsche Bank responded, essentially, no, no problems here. Instead, they should have elevated the concerns. Yes, and should have raised a red flag again, and we're looking at issues, like know your customer, looking at who these counterparties are, and who's behind the counterparties, if one was going to actually do the proper KYC process, KYC know your customer, this is key underpinning of the financial system away to keep the money launderers terrorists, and other crooks out, or somebody comes to the Bank, who is this person Deutsche Bank, did not have a central? Is know your customer system and its Moscow office Deutsche Bank, had one person as head of compliance, head of legal and anti money laundering, all at the same time, and you certainly need more than one person who is doing three jobs to actually have an effective compliance system. I mean staffing for compliance is essential. And this was woefully inadequate. New York regulators were not able to track them the actual people behind the ten billion dollars in suspicious transactions. And so a very big question remains. What was the reason behind the because money was exchanged, why we still don't know. There's no evidence, these mirror trade deals, involve Trump were telling you about them because in the words of New York regulators, serious compliance deficiencies at the Bank spanned deutchebanks global empire during the same period. Donald Trump was borrowing hundreds of millions of dollars. And because congress is taking a closer look, according to a legal brief fits investigating. Whether Deutsche Bank is doing enough to stop schemes like mirror trading. The brief says this is important in determining the volume of illicit funds that may have flowed through the Bank and whether any touched the accounts, held there by Mr. Trump his family or business.

Deutsche Bank Bank Donald Trump Trump Trump Inc dodger Bank New York German Bank Moscow Georgia Bank congress DOJ Bank New York Times Jared Kushner US editor Vladimir Putin
"deutsche" Discussed on KQED Radio

KQED Radio

05:13 min | 2 years ago

"deutsche" Discussed on KQED Radio

"Deutsche Bank was eager to get a foothold in America. And so Trump as their golden ticket. It's a combination of recklessness and greed and disorganization at the Bank, the banks long and close relationship with Trump left it with a trove of information that has led to scrutiny and subpoenas. Deutsche Bank has become kind of the Rosetta Stone for congressional and state investigators who are trying to better understand and get information about Donald Trump's network of businesses and his own personal finances. That's coming up on fresh air. First news. Live from NPR news in Washington, I'm Lakshmi Singh. The Trump administration is taking up a problem that resonates across party lines, huge surprise, medical bills, triggered by out of network hair. NPR Selena Simmons Duffin reports. President Trump held a White House event today calling on congress to act lots of families have stories about this including Dr Paul Davis at his daughter's post op appointment her doctor said this by the way, I would like to urine specimen fine. She did it a year later the Bill showed up for seventeen thousand eight hundred and fifty dollars NPR and Kaiser health news, I told the story of this test as part of our Bill of the month series Davis. Brought his surprise Bill to the White House event today. President Trump said the story was quote almost not believable. But he's right seventeen thousand eight hundred fifty dollars for a urine test. There is by partisan agreement on this issue and several bills already in the works, Selena Simmons Duffin, NPR news. In what the department of Justice says is the first enforcement action of its kind. The United States is taken possession of one of North Korea's largest cargo ships as part of a civil asset forfeiture case. Federal prosecutors say North Korea was using the wise honest to elicit leadership coal to countries such as China and Russia and to deliver heavy machinery to the north all in violation of US. Sanctions. The president says he's moving an aircraft carrier group to the Persian Gulf because the Iranians were in his words, very threatening NPR's. Michele Keleman reports. At the president says there's always a risk of a military confrontation with Iran, but Trump ads he hopes that doesn't happen. President Trump isn't offering details of the reported threats from Iran telling reporters, quote, we have information, you don't want to know about he says he'd like to negotiate with Iran, but he blames the former secretary of state for getting in the way, I'd like to see them. Call me, John Kerry speaks to. Lot. John Kerry tells them not to call that's violation of the Logan act, and frankly, he should be prosecuted on that spokesman for Carey says the president is wrong about the facts and about the law and suggest that Trump focus on solving foreign policy problems instead of political theater. Michelle Kellerman, NPR news, the State Department Chinese and US to go are working this hour on trade ahead of a midnight deadline. That's when the administration is slated to impose higher tariffs on Chinese goods divided. Alabama state Senate is postponing its vote on a measure that would make it a felony to perform an abortion at any stage of pregnancy. State. Legislators Democrats and Republicans objected to the vote after learning that Republicans had stripped provision from the Bill that would have exempted women who became pregnant as a result of incest or rape from Washington. This is NPR news from news. I'm. Tara Siler house speaker in San Francisco congresswoman Nancy Pelosi says the nation is facing a constitutional crisis over the Trump administration's resistance to congressional investigations every day they are advertising their obstruction of Justice by gnawing subpoenas. And by just declaring that people shouldn't come and speak to congress. So that the American people can find out the truth. The remarks come a day after the House Judiciary committee voted to hold attorney general William bar in contempt over his refusal to release the full Mullah report is the Pauling that this administration would not even pretend to want to protect our elections. And in fact, be an obstacle to are finding out more about how it happened. So we can prevent it from happening again. The White House has called the judiciary committee's demands unlawful and reckless. The first report from California so-called strikeforce that was convened to take on the state's devastating. Wildfires leaves too many unanswered questions. That's according to state Senate committee meeting yesterday Healdsburg Senator Mike McGuire says constituents are finding it harder and more expensive to get fire insurance for their homes. We're seeing significant numbers of homeowners receiving non-renewal notices they have been in a county that has been impacted by wildfire. And I think that we are teen ourselves up right now for a crisis. You figures from the state insurance Commissioner shows insured losses for last November's record-breaking fires have now top twelve billion dollars..

President Trump United States president Selena Simmons Duffin Trump NPR Iran Deutsche Bank John Kerry White House Senate congress Washington Bill department of Justice North Korea Lakshmi Singh House Judiciary committee
"deutsche" Discussed on News Radio 920 AM

News Radio 920 AM

01:56 min | 2 years ago

"deutsche" Discussed on News Radio 920 AM

"Block Deutsche Bank in Capital One from complying with subpoenas. Eric Trump told FOX amazing institutions we've have relationships with them as a family. We have to fight back. This is Fox News. Now, here's yours team. Ten forecast rain wraps up. The clouds remain on Tuesday on the cooler side fifty four for an afternoon high today those clouds stick around for most of Wednesday, but we inch closer to sixty degrees. Tomorrow afternoon. We'll stay below seasonal averages for Thursday with another round of rain with more showers by Friday. I'm storm team ten meteorologist Zac green on NewsRadio nine twenty four seven AM. This report is brought to you by truecar radio nine twenty one zero four seven FM traffic tied up due to a right lane. Where crow I'm route ninety five south route one. Tuck it and has your back about a mile one thirty eight west on the Newport bridge, variet- Lynn work row and route six east delays at Toby street. I'm Jeannie grant, NewsRadio nine twenty four seven FM. Looking to buy a car online shopping can be confusing not anymore price from truecar. Now, you can know the exact show paid for the car you want and see what other people people too when you ready to buy a new or used car, visit truecar to enjoy a more confident car buying experience fans, the Fab Four or coming to kids. Don't miss your chance to take photos with all four Red Sox World Series trophies on Friday. Third at six o five PM, Harry Potter themed fireworks, Saturday floors, then on Sunday bring your love because you're invited to enjoy a suburb catch with the field before the game, and you could wear the basis after the game trophies, fireworks and fun. All we get long third fourth and fifth. Visit PawSox dot com. Pawsox baseball. Don't miss a moment. Newsradio nine twenty four seven FM. The following is a paid advertisement by the financial exchange and does not reflect the views or opinions of this station, its advertisers. Or I heart media..

Newsradio Eric Trump Capital One Fox News Deutsche Bank FOX Zac green Jeannie grant truecar Newport bridge Harry Potter baseball sixty degrees
"deutsche" Discussed on WHAS 840 AM

WHAS 840 AM

01:44 min | 2 years ago

"deutsche" Discussed on WHAS 840 AM

"And is suing telling Deutsche Bank in Capital, One to ignore congressional requests for records related to the trumps and their businesses. The lawsuit asserts lawmakers only trying to harass the president a compromise between Trump and Democrats in congress is unlikely so a federal judge will have to determine the legality of the subpoenas. But whoever loses will March up the appellate ladder possibly to the US. Supreme core. ABC news legal analyst, Royal Oakes. The president's attempted crackdown on the migrant surge continues in a presidential memorandum. Mr. Trump proposes charging asylum seekers of FIDA process, their applications the memo insist the asylum system is in crisis in plagued by rampant abuse and Alabama. Donnie, citing a man said to be Islam state head Abu Bakar, Albig Donnie, appears in a new video that relax. Rumors for years that he had died that he had been injured. But in this video that he has now released. I ISIS has now released Baghdadi said right away that he understood that they had been defeated in certain places in the caliphate, and that they've lost this territory, but he was still calling for his followers to attack the west that it might be a very long battle ABC's, Martha Raddatz federal court appearance in southern California. For stormy Daniels is one time lawyer, Michael Benatti didn't have anything to say to reporters, and he sneaked out through a back door after he pleaded not guilty to charges that he stole millions from clients cheated on his taxes and lied to investigators accord official tried to serve with papers, which he refused to take directly. She dropped them at his feet. He picked them up earlier this month. Albany was indicted on thirty six counts including wire and Bank fraud. He also was arrested in March in New York in a separate case. That includes alligators he tried.

Albig Donnie Mr. Trump Michael Benatti president Deutsche Bank Baghdadi Martha Raddatz congress US ABC Royal Oakes Alabama Abu Bakar Albany analyst New York Daniels California
"deutsche" Discussed on NewsRadio KFBK

NewsRadio KFBK

01:52 min | 2 years ago

"deutsche" Discussed on NewsRadio KFBK

"Records and is suing telling Deutsche Bank in Capital, One to ignore congressional requests for records related to the trumps and their businesses. The lawsuit asserts lawmakers are only trying to harass the president a compromise between Trump and Democrats in congress is unlikely so a federal judge will have to determine the legality of the subpoenas. But whoever loses will March up the appellate ladder possibly to the US supreme court ABC news legal analyst, Royal Oakes. The president's attempted crackdown on the migrant surge continues in a presidential memorandum. Mr. Trump proposes charging asylum seekers of FIDA process, their applications the memo insist the asylum system is in crisis in plagued by rampant abuse and Albig Donnie, citing a man said to be Islam state, head Bacher Albig naughty appears in a new video that relax of rumors for years that he had died that he had been injured. But in this video that he has now released. Isis has now released Baghdadi said right away that he understood that they had been defeated in certain places in the caliphate, and that they've lost this territory, but he was still calling for his followers to attack the west that it might be a very long battle ABC's, Martha Raddatz federal court appearance in southern California. For stormy Daniels is one time lawyer, Michael Benatti didn't have anything to say to reporters, and he sneaked out through a back door after he pleaded not guilty to charges that he stole millions from clients cheated on his taxes and lied to investigators accord official tried to serve with papers, which he refused to take directly. She dropped them at his feet. He picked them up earlier this month. Albany was indicted on thirty six counts including wire and Bank fraud. He also was arrested in March in New York in a separate case that includes allegations he tried to extort Nike, Scott Goldberg, ABC news. You're listening to ABC news. And.

Michael Benatti Bacher Albig ABC Mr. Trump president Deutsche Bank Martha Raddatz congress Baghdadi US Albig Donnie Royal Oakes Nike Scott Goldberg analyst California Daniels Isis
"deutsche" Discussed on News Radio 1190 KEX

News Radio 1190 KEX

01:44 min | 2 years ago

"deutsche" Discussed on News Radio 1190 KEX

"And is suing telling Deutsche Bank and Capital One to ignore congressional requests for records related to the trumps and their businesses. The lawsuit asserts lawmakers only trying to harass the president a compromise between Trump and Democrats in congress is unlikely so a federal judge will have to determine the legality of the subpoenas. But whoever loses will March up the appellate ladder possibly to the US supreme court ABC news legal analyst, Royal Oakes. The president's attempted crackdown on the migrant surge continues in a presidential memorandum. Mr. Trump proposes charging asylum seekers of feed process their applications. The memo insists the asylum system is in crisis in plagued by rampant abuse and Alabama Dadi citing a man said to be Islam state head Abu Bakar Albig naughty, appears in a new video that relax of rumors for years that he had died that he had been injured. But in this video that he has now released. Isis has now released Baghdadi said right away that he understood that they had been defeated in certain places in the caliphate, and that they've lost this territory, but he was still calling for his followers to attack the west that it might be a very long battle ABC's, Martha Raddatz federal court appearance in southern California. For stormy Daniels is one time lawyer, Michael Benatti didn't have anything to say to reporters, and he sneaked out through a back door after he pleaded not guilty to charges that he stole millions from clients cheated on his taxes and lied to investigators accord official tried to serve naughty with papers, which he refused to take directly. She dropped them at his feet. He picked them up earlier this month. Albany was indicted on thirty six counts including wire and Bank fraud. He also was arrested in March in New York in a separate case that includes allegations he tried.

Michael Benatti Mr. Trump president Deutsche Bank ABC Abu Bakar Albig Capital One Martha Raddatz congress Baghdadi US Royal Oakes Alabama Albany analyst Daniels Isis New York California
"deutsche" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

12:01 min | 2 years ago

"deutsche" Discussed on Bloomberg Radio New York

"Digital radio or Sirius XM if you're up late or up early depending on how you see it. We are getting breaking Deutsche Bank headlines now, of course, yesterday Deutsche Bank came out with the announcement that it would no longer pursue takeover of local rival Commerce Bank because it was too expensive. And because it was too complicated. And they also brought us some preliminary first quarter numbers. I don't know why they bothered with preliminary considering they're giving us the full deal today. And first off I noticed that fixed income and occurrences sales and trading revenue beat the streets estimate one point five two billion euros was trading revenue in the first quarter. The street was only looking for one point four six billion euro. But of course. Any intelligent analyst tries to make this a pretty low bar considering the disaster fix trading has been for banks on global Wall Street in any case. We're also getting we got yesterday. A revenue number. We're seeing it again to the same one again today six point four billion, which is by the way, a drop from the seven billion that they reported in the same quarter last year. This is one of the problems that Deutsche Bank. They just can't get revenue to rise. Another problem. Of course, they can't cut costs fast enough for investors. And a lot of people are concerned a lot of analysts. I heard yesterday talking about Deutsche Bank concerned that they're going to have to raise capital again, even without the purchase of Commerce Bank. So we'll be watching for any headlines on that net income net interest income in the first quarter of three point three billion net. Income was one hundred seventy eight million euros. I think yesterday they gave us a rounded figure of two hundred million but first quarter net Deutsche Bank, one hundred seventy eight million euros did make money on lower revenue. We'll continue to bring you headlines as they crossed. Lot of earnings expected today. Again, we had a ton of earnings yesterday. I get to use the word deluge. Always in the second week of earning season. Almost every day. I get to say deluge which normally in my life. I don't use that word. No one uses that word ever. But I guess in case of rainstorms and earning seasons. It's appropriate right now in terms of stocks. We're looking at the topics and the nikei down a half a percent. The hang sang is just trading water up about one tenth of one percent right now. In Chinese stocks are down about one percent futures. In europe. Not looking too bad. At least in London. The footsie futures are up one tenth of one percent in German here in Germany. They're down one tenth of one percent. And we have futures that are indicating lower open in the US. Also, just barely whoa. Just saw red headline come across the terminal on Deutsche Bank now, cutting it's two thousand nine hundred thousand sales outlook and says revenue to be flat. So they said revenue is a problem for Deutsche Bank. Everybody knows that. And it looks like it's sinking in even for the finance professionals at the Bank themselves by the way yesterday. I spoke with the chief finance officer James fund Molko about, you know, his concerns what if someone else comes in and swoops up Commerce Bank will they have more competition. And what if they wanna do across border merger again is that off the table? Listen to what he told me. Yes, we. Envisage over time that industry consolidation will take place in Europe. And the Deutsche Bank wants to be part of that the timing and the specific form of that obviously remains to be seen. We've talked a lot about doing our homework to continue executing on our plans executing on the restructuring of the company and the improvement in our shareholder returns. So that was James von Moltke. The CFO chief finance officer of Deutsche Becca spoke with them yesterday. He didn't tell me whether or not they're going to wrap up their asset management unit DWI s with that of that business from UBS. That's been in media reports a lot lately he did say they do want to take part in consolidation with their asset management management unit DWI s and we are getting DWI s their individual numbers. Remember, they IPO this asset management last year. First quarter net income at GW one hundred and two million euros first-quarter pre-tax with one fifty three the estimate was for one forty six eight so DWA beating on the bottom line inflows, by the way, which is which is a fantastic word to use for GW ass because it's been outflows for the last year inflows now two and a half billion. And remember we heard. This also from UBS yesterday, they had twenty two point three billion inflows. So a lot of banks Deutsche Bank and a lot of asset management units. DWI included have seen an improvement in the quarter. This came at the end of may as they told us yesterday. We're also getting speaking of asset management. We're also getting numbers out of a Monday in Paris right now, it looks like a Mondays first quarter net. Income was up. Six point four percent to two hundred thirty five million euros and Monday had still net outflows of almost seven billion dollars in a seven billion euros. I should say in the first quarter six point nine billion euros. So over seven billion dollars. However, their CEO is confirming the their twenty twenty profit target their main profit targets, so unlike Deutsche Bank, which just cut its two thousand nineteen. And sales outlook says revenue is going to be flat Monday is confirming but without flows. All right. Let's get to west Goodman right now. He joins us from Singapore from the markets live team and Wes. Good morning. Good Friday mornings you first off the Bloomberg dollar spot index rose again now to the highest level this year. What's driving this game? That we've been we've been talking about the gains in the dollar a lot lately. Again, right. Hey, Matt grew Friday morning. Yes. This year. The main story for the dollar has just been this yield differential. US ten year yields ten year bonds yield about two and a half percent. And those those figures are close to zero or I should say below zero and in Germany, and Japan, but but the one danger to the dollar is that the fed may be cutting rates this year, and we had Larry cudlow on the on the tape this morning. One of President Trump's main economic advisers. Saying the fed is moving closer toward cutting rates, and you know, that that few maybes and so far out market levels. Also also show that traders expect to rate cut. So so yield premium that's been helping the dollar may not be so attractive in the future. Reminds me of an awesome tweet that I saw from what's the hipster trader who I don't know if he's a real trader or a real hipster, but he says why doesn't Jerome Powell just give us his SNP target. Which is tongue-in-cheek, obviously. What do we expect from the US GDP report today? West right. Well. The forecast for GDP is for two point three percent for the first quarter. And I was running some numbers this morning that's higher than it's been the average for the past decade is one point eight percent. So a little bit a little bit stronger than it's been I think, this can ease fears of the global slowdown that you know, we've heard so much about and that's been another thing that's been helping the dollar is that when people are concerned about a slowdown when they're looking for a haven, they're going into the dollar, but today's number will probably show the US economy is chugging along just fine. So, you know, that'd be that'd be less demand for haven. And that's another thing that could could maybe undermine the dollar. All right. Well, thanks, very much Wes Goodman from the markets live team for real time market commentary analysis. Check out markets live. That's M L Vigo on your Bloomberg terminal. It's get to your top stories now. And we're gonna kick it off with. News out of the US as there is an update on trade talks with China. The Trump administration said it'd be considering concessions on drug protections in order to clinch a deal. More from Bloomberg's Denise Pellegrini. Sources say the Trump administration is considering agreeing to a Chinese proposal to offer eight years of regulatory data protection in China for the biologic. They developed that compares with the ten years they get into new NAFTA. And the twelve they get by law here at the United States. Biologic products are made from living systems such as cells or tissues as opposed to conventional drugs that have been chemically synthesized Denise pelligrini, Bloomberg daybreak Europe. Speaking of. Speaking of China's president Xi Jinping says the belt and road initiative has created new opportunities and will aid global growth at the opening ceremony in Beijing. She also pledged to clean up his signature initiative as criticism over a lack of transparency and criticism that it's indebting poorer nations mounts. The president also said China won't engage in currency manipulation. China will not resort to the practice of renminbi devaluation on the contrary we will continue to improve the exchange rate regime. We see that the market plays a decisive role in resource allocation, and we will keep the exchange rate, basically stable at an adaptive and equilibrium level. These steps will help ensure the steady growth of the global economy that was not the Chinese president Xi Jinping that was just somebody coating employer us, and I suppose I could have done that in any case. His comments sent the on rallying advancing. The most in a week before pairing gains somewhat. Now back to earn. News, Amazon's focus on cloud computing continues to pay off for the tech giant the company reported quarterly profits that beat estimates. Bloomberg Selena Wang has more from San Francisco Amazon has again proved its dominance in the tech sector. First quarter profit came in at a record three point six billion dollars or seven dollars and nine cents. A share that's way about the four dollars and sixty seven cents a share that analysts were predicting sales were bullied by solid performances from Amazon web services digital advertising and services for third party sellers but second quarter revenue forecast short evacuations signaling Amazon could be heading for another cycle of high-spending, especially in overseas infrastructure, content creation and increasing delivery speeds for prime customers from two days to one in San Francisco. I'm Selena wing, Bloomberg daybreak Europe. And let's get to. The Intel story this morning that I talked about earlier Intel coming out and slashing its forecasts. This is kind of the other side of the Amazon story, and I'm going to bring you all of those details later right now on a get to reportedly aiming for evaluation of about eighty to ninety billion dollars in its IPO. That's just above its last private funding round. Bloomberg has learned the ride hailing company is looking for forty four to fifty dollars a share the final details in pricing might still change. Uber is expected to.

Deutsche Bank Bloomberg US europe Commerce Bank president China Amazon Xi Jinping west Goodman Deutsche Becca UBS Germany officer analyst James von Moltke Intel fed
"deutsche" Discussed on AP News

AP News

02:40 min | 3 years ago

"deutsche" Discussed on AP News

"Hsieh's in Germany's Deutsche Bank can comet spank have risen despite widespread. Skepticism about the merits of a possible merger the merger which was announced on Sunday would bring together to lenders that have been troubled in recent years unions, it could lead to major job losses. Deutsche Bank says its management board has decided to review strategic options and added that there was no certainty of any transaction emerging. Germany's finance minister reportedly favors the deal. Facebook says it wants to provide users with more local news and has been working on a new service. But as a B's Julie Walker reports it's been hindered by cutbacks in the news industry. Facebook says some forty percent of Americans live in areas where the company could not find enough local news to support its today in feature which started last year end is available in about four hundred cities. Facebook says it plans to award grants ranging from five thousand dollars to twenty five thousand two people with ideas for making more news available eighteen hundred newspapers have closed in the US over the last fifteen years and newsroom employment has declined by forty five percent in part due to the success of internet companies, including Facebook. I'm Julie Walker. British Prime Minister Theresa may is making a last minute push to win support for her. European Union divorce deal goal is to win over Northern Ireland's Democratic Unionist Party may has warned opponents that failure to approve the deal would mean a long and possibly indefinite delay to Brexit. Parliament has rejected the agreement twice. But may will try a third time this week if she can persuade enough lawmakers to change their minds her aim is to have the Netherlands shooting. I'm Tim Maguire with an AP news minute in the Netherlands. A suspect is in custody after gunman killed three people and wounded five on a tram, and what authorities say may have been a terror attack. We are investigating all possibilities. So that means possible terrorist modus, but also other possible personal motives for Dutch Justice Minister says the attacker was known to police and had a criminal record. But would not elaborate a rally held in Sacramento, California to Mark the one year. Stefan Clark was killed by two city. Police officers Reverend Al Sharpton, one of the speakers might have killed him a year go, but you can't kill the movement. Clark was shot to death is police responded to calls at someone was breaking into cars that night, local and state prosecutors announced earlier in the month. They would not charge the officers because the police thought Clarke had a gun and feared for their lives..

Facebook Deutsche Bank Julie Walker Stefan Clark Germany Reverend Al Sharpton Netherlands Prime Minister finance minister Hsieh Democratic Unionist Party Justice Minister Theresa Parliament European Union Tim Maguire Clarke US Sacramento
"deutsche" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 3 years ago

"deutsche" Discussed on Bloomberg Radio New York

"And it's union contract to sell a southwestern Wyoming mind to Virginia businessman. The casper Star Tribune reports. Friday's ruling will likely mean retired miners who worked at the camera mind will lose their company health benefits. However, the judge delayed entering a final order until Tuesday. Westmoreland one of the nation's oldest coal operators filed for bankruptcy back in October. Deutchebanks top investor. China's H a group continued to cut its stake in Deutsche Bank people briefed on the matter have said h plans to dispose of its entire stake in Germany's largest lender. The Chinese group weighed down by debt once held almost ten percent of Deutsche Bank KKR Aren company, founders Henry Kravis and George Roberts Tacoma, combined two hundred three million dollars in two thousand eighteen that's actually a decline from twenty seventeen. The firm said yesterday in a filing that the co chief executive officer's each collected fifty five point six million in carried interest and three hundred thousand dollars in salary. Shares of KKR closed at twenty three fifty three on Friday in New York. American consumers are on track to reduce their energy footprint, the story on that from Bloomberg's Charlie Pellett. Thanks to more efficient options like light emitting diode bulbs, Americans will reduce their electricity intensity or the amount. Consumed per household by an average of three tenths of one percent per year from two thousand eighteen through twenty fifth. According to the energy information administration's annual energy outlook. That's despite a forecast for the number of households to grow by an average of seven tenths a year over that time period. A similar trend is expected on the commercial side. Global news twenty four hours a day on air and at tick up on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg..

Deutsche Bank KKR Aren Bloomberg casper Star Tribune Deutsche Bank KKR chief executive officer Henry Kravis Wyoming Susanna Palmer Twitter Westmoreland China George Roberts Tacoma Charlie Pellett New York Virginia Germany two hundred three million doll
"deutsche" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

04:20 min | 3 years ago

"deutsche" Discussed on MSNBC Rachel Maddow (audio)

"Today, the democratic chairs of the intelligence committee and the financial services committee, congressman, Adam Schiff and congresswoman Maxine Waters announced that they're committees will pursue a joint investigation into Deutsche Bank and its involvement in Russian money laundering and its financial relationships with the president and his businesses Deutsche Bank today confirmed they've received an enquiry from those committees on their ties to President Donald Trump. The Bank had previously received inquiries from Democrats on the on the financial services committee when they were in the minority, but Republicans had refused to issue subpoenas. And the Bank decided they didn't need to respond now. Of course, the Democrats are in charge, and they can issue their own subpoenas. If need be joining us now is congresswoman Gwen Moore of Wisconsin who has focused on this for a long time. She actually brought this to our attention late last year is something we should have a heads up on in terms of congressional responsibilities here congressman more thank you so much for being here excited to be here. Rachel. Finally, try to get some answers. Well, tell me why this is something you've been so interested in what you think needs investigating here. Well, let me tell you low q Mexcian waters is been on this since March of twenty seventeen and we could see the Dwight Bank in just foul the money and don't Eubank was was involved in this. Your setup was really beautiful when you described the unusual lending activity of Deutsche Bank. But it came full circle for me this week win, the Russian oligarch dare pasta and the treasury department lifted sanctions. Relieved him of sanctions and the the money that. Is going to go right back into the laundromat this V TB Bank, which is connected to do it. You Bank is where the proceeds from this oligarch. We'll go and so I'm going to try to hurry up. Rachel's? I realized that you're short on time. I just wanted to get right to the point. We see it's gone, full circle. Donald Trump, Jared, Kushner, all of them have benefited from loans from Bank and this week, this Russian oligarch has been relieved given sanction relief, and those proceeds will go right back to the which is associated with it you Bank. And of course, is said to have been the the Bank that was lined up to be the financing organization for the Trump Tower Moscow project, which is eggs ended up in part. Let me just ask you. I'm I'm reading a lot today into the fact that the financial services committee congresswoman, Maxine Waters committee. And the intelligence committee that one which is now run by Adam Schiff, I'm reading a lot into the fact that they've decided to do this as a joint operation that they don't see this as just a banking concern or just an intelligence concern. I see this as they're looking for the nexus here. Do you think that's fair for me to read it that way that is that is very fair because they're very clearly is a nexus when you think about it think about Paul Manafort what we know about about him. He was very very dead it to this Russian oligarch der POSCO very indebted to him. And he in fact, is is connected to the which again is one of these sort of boutique banks that process do at your Bank funding. So when you think about Paul Manafort and the whole question of whether or not there was collusion with the Russians to deliver the White House down. Trump, and you think about the indebtedness of Donald Trump to Russian oligarchs, the did it miss of Paul Manafort and the involvement of these banks. It's the kind of thing that makes you go. Congresswoman Glenmore of the great state of Wisconsin. Thank you for contacting us late last year. When these things came together to say watch for congressional oversight on this. It was really it. Really activated some work on our part, and it helped us get our heads around it. But thank you talking to us about it. And is Rachel Maddow would say watch this space. We'll be right back. That's going to do it for us.

Deutsche Bank President Donald Trump Rachel Maddow Paul Manafort Adam Schiff Maxine Waters Dwight Bank congressman Congresswoman Glenmore Trump Tower Moscow Wisconsin Gwen Moore president Eubank treasury department POSCO White House Kushner