35 Burst results for "Deutsche Bank"

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

The Breakdown with NLW

01:59 min | 3 weeks 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
Deutsche Bank Reports Its Best Quarterly Profit in Seven Years

Bloomberg Daybreak: Europe

00:18 sec | 5 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
Deutsche Bank Is Still Hot for Apple Shares

Mac OS Ken

02:18 min | 6 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
Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

The Breakdown with NLW

04:19 min | 7 months 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 | 8 months 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
Deutsche Bank to pay $130 million to avoid bribery charge

News, Traffic and Weather

00:20 sec | 9 months 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 | 9 months 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 | 9 months 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 | 9 months 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
Work From Home Tax (MM #3526)

The Mason Minute

01:00 min | 11 months 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
Work From Home Tax (MM #3526)

The Mason Minute

01:00 min | 11 months 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 bank" Discussed on Tesla Daily: Tesla News & Analysis

Tesla Daily: Tesla News & Analysis

05:45 min | 11 months ago

"deutsche bank" Discussed on Tesla Daily: Tesla News & Analysis

"Three point three gigawatt hours this year versus one point six five gigawatt hours last year and expects that to double in twenty twenty. One supplies been constrained by cell capacity thus far but tesla sees this bottleneck improving as suppliers ramp up output eg lg planning to increase production of twenty one seventy cells and quote. Okay so a few things. I think the. Lg comments at the end might throw people off wondering if they meant panasonic but lg has been approved for a while now to work with tesla even on vehicles i think they're supplying some sales for the china model three and they've definitely worked with tesla on energy products in the past. Then the next interesting point. Here is tesla expecting to ship. Three point three gigawatt hours this year. That would be a doubling over last year. I think deutsche bank is probably just taking some old guidance here. I think at the beginning of the year. That was tesla's aspiration before all the shutdowns had happened. So i don't know. But i don't think this will be an updated number from their meeting with martin so far through the first three quarters of this year they've delivered about one point four gigawatt hours so they would need to more than double their entire year to date deliveries in the fourth quarter to achieve that three point three gigawatt hour number. They'd have to jump from seven hundred megawatt hours or zero point seven gigawatt hours installed in q. Three all the way up to nineteen hundred megawatt hours or one point nine kick hours installed him for. That would be incredible. I'm not personally going to forecast for that. Just based on this information the last piece of this is the mega pack being the highest demand. Product launched in the company's history. That's pretty impressive. Considering we've heard the same about tesla cyber truck which have said has more than six hundred thousand preorders. I think people are still pretty skeptical of tesla energy as business line but we have continued to grow steadily even though a bit behind expectations and time and again we have seen evidence of really a supply constraint there but robust demand so that wraps up the deutsche bank. now let's move on to indonesia. We've talked over the last few weeks about how there have been rumors that tesla may be working within asia to set up some sort of operations in the country as we've talked about in the past in asia is the largest producer of nickel so reuters. Today has reported that quote invasion president. Jaakko widow said that he will send a high level team next week to meet with top executives of us. Automaker tesla as the southeast asian country aims to become the world's biggest producer of electric vehicle batteries and quote. Indonesia has recently simplified some of their laws under a new omnibus job creation law. So about that. And about this trip to the us which will include the meeting with tesla in an asian president said quote. It's very important because we have a great plan to make indonesia at the biggest producer of lithium batteries and we have the biggest nickel reserves and so nice to have a little bit more concrete information about the situation with tesla and indonesia. I think will eventually end up seeing something develop here but i think it remains to be seen whether that would just be something like a nickel mining operation or full battery pack assembly..

tesla Indonesia lg producer president martin deutsche bank asia us china Jaakko reuters panasonic
Deutsche Bank proposes a 5% tax for people still working from home after the pandemic

News, Traffic and Weather

00:42 sec | 11 months ago

Deutsche Bank proposes a 5% tax for people still working from home after the pandemic

"At one bank are proposing a tax on people who are working from home due to the Corona virus outbreak. Washington correspondent Cigar Madani has this Report from Deutsche Bank on how to rebuild economies after the virus pandemic proposes taxing each employee that keeps working from home 5% a day, it says that could raise tens of billions of dollars foreign governments who could then use the money to help lower income workers who face greater risk because their jobs can't be done remotely. The report notes. Those working from home are directly saving money by not paying for commutes, take out lunches and dry cleaning, and the tax would leave them no worse off than actually going to the office.

Cigar Madani Deutsche Bank Washington
To help economy, bank proposes tax on working from home

AP News Radio

00:40 sec | 11 months ago

To help economy, bank proposes tax on working from home

"Experts said one bank are proposing a tax on white collar staff working from home will report from Deutsche Bank on how to rebuild economies after the virus pandemic proposes taxing each employee that keeps working from home five percent today it says that could raise tens of billions of dollars for governments who could then use the money to help lower income workers who face greater risk because their jobs can't be done remotely the report notes those working from home are directly saving money by not paying for commutes takeout lunches and dry cleaning the tax would leave them no worse off than actually going to the office Sager mag ani Washington

Deutsche Bank Washington
Bank stocks knocked as Suspicious Activity Reports come to light

CNBC's Fast Money

01:26 min | 1 year ago

Bank stocks knocked as Suspicious Activity Reports come to light

"Bank stocks getting crushed today a new report about the big firms dealing suspicious finds Wilford. Frost Scott the details wealth harmless. So Bank stocks were down sharply today following large declines for their European counterparts, Deutsche Bank for example, closed down nine percent on European trade. Standard Chartered down about five percent both hitting twenty five year lows in London trade earlier US banks ended up down about four percent. This is in part due to investigation by the International Consortium of investigative journalist that highlighted suspicious activity from various banks in the past specifically money laundering following a review of more than two thousand, one hundred reports filed by the US Treasury financial crimes. Enforcement Network a slew. Mentioned including I said HSBC Bank Standard Chartered JP Morgan and Bank of New York Mellon amongst others clearly, this activity is embarrassing for the banks however important to note in the past and that government and regulators were already aware of these details since suspicious activity reports by their very nature all reports between the banks and the government in the first place for example, for example, Deutsche Bank told me this is not new information to us or regulators Today off therefore much more down to the broad cyclical selloff linked to covid economic headlines, and also that Supreme Court news further making a stimulus bill less likely something that banks are disproportionately reliant on compared to some other

Deutsche Bank Hsbc Bank Standard Chartered J Bank Of New York Mellon Standard Chartered United States Us Treasury Wilford Supreme Court Scott Financial Crimes International Consortium Of
New York DA Got Trump Financial Records After Deutsche Bank Subpoena

NPR News Now

01:02 min | 1 year ago

New York DA Got Trump Financial Records After Deutsche Bank Subpoena

"Court filing suggest abroad criminal probe of president. Trump's business organization is now underway is NPR's Brian. Man tells us a prosecutor in New York reportedly gained access to more of president trump's financial records. Cyrus. Vance. Is District Attorney in Manhattan and according to The New York Times. He subpoenaed Deutsche. Bank last year for trump's financial records sources told The Times the bank complied Vance has also been fighting to get trump's tax records in court filings this. Week Vance's office also signalled a wider investigation into what prosecutors call public reports of possibly extensive and protracted criminal conduct at the trump organization. Vance's a Democrat and trump has called his investigation a continuation of the witch hunt by the president's political enemies. Last year trump was forced to disband his charity in New York. After the State Attorney General found, he broke the law by misusing donations for personal and political gain. Brian Man NPR news this is NPR.

Donald Trump Vance President Trump NPR The New York Times Manhattan Brian Man Prosecutor Attorney Deutsche
Deutsche Bank turned over Trump financial documents to New York prosecutors

MSNBC Rachel Maddow (audio)

03:31 min | 1 year ago

Deutsche Bank turned over Trump financial documents to New York prosecutors

"More trouble for the president another scandal that has dogged him actually now for most of his first term, here's the headline in the Times tonight quote trump's bank was subpoenaed by New York prosecutors in criminal inquiry. Here's the nut graph of that story. Here's how it starts the Manhattan District Attorney's Office, which means state prosecutors in New York state issued the subpoena last year to Deutsche Bank, which has been Mr trump's primary lender. Since the late nineteen nineties, they are seeking financial records that he and his company provided to your bank according to people familiar with the inquiry because of. Its long-standing and multifaceted relationship with trump Deutsche Bank has been a frequent target of regulators and lawmakers digging into the president's opaque finances but the subpoena from the Office of the District Attorney appears to be the first instance of a criminal inquiry involving trump and his dealings with Deutsche to lent him in and his company more than two billion dollars over the past two decades. Here's the amazing part the part that was the sort of draw jaw-dropping reveal in this story. Quote deutschebank complied with the subpoena. Out over a period of months last year, the bank provided the prosecutor's office with detailed records including financial statements and other materials that Mr Trump provided to the bank as he sought loans according to two of the people familiar with the inquiry. The subpoena to Georgia banks saw documents on various topics related to Mr Trump and his company including any materials that might point to possible fraud according to people briefed on the subpoenas contents. The bank's cooperation with the prosecutor's office is significant because other investigations that have sought trump's financial records have been stymied by legal challenges from the president and his family. This criminal investigation from New York prosecutors initially appeared to be focused on hush money payments made in two thousand sixteen to two women who said they had affairs with Mr Trump. But in a court filing this week prosecutors in the district attorney's office cited public reports of possibly extensive and protracted criminal conduct at the trump organization and suggested they were also investigating possible crimes involving bank fraud. And Insurance Fraud. So. To be clear, this is a big deal that the New York Times is reporting tonight this is not about the subpoenas for the president's financial and tax information that were litigated up to the supreme. Court are now kicking around in the lower lower courts by the present, his lawyers seek to delay compliance with these subpoenas. What this is about is a subpoena of Deutsche Bank. which has loaned two billion dollars mysteriously to the president over his recent business career. Subpoenas to Deutsche, bank related to their dealings with the president, and these are not subpoenas that the president has successfully fended off in these tied up in court. This is a subpoena to Deutsche Bank the bank has complied with. And they have handed over all of this trump related documentation to state prosecutors were apparently pursuing a multifaceted criminal investigation of the president and his business an investigation that is not bound by the Justice Department's Ninety Day rule such as it is nor are they bound by the Justice Department's rules prohibiting the indictment of a sitting president because those rules are federal rules and these are state prosecutors? Prosecutors not answerable to attorney general the embar. Not only is it news that they are pursuing this stuff in the way that they are it is big news that in pursuing this information about the president, they got it they got their hands on this stuff from Deutsche Bank. Who Knew.

Mr Trump Deutsche Bank President Trump New York Deutsche Manhattan District Attorney's Prosecutor New York Times Attorney Fraud Justice Department Deutschebank Georgia The Times
Second-quarter results to reveal dire state of top US banks

Bloomberg Finance

07:15 min | 1 year ago

Second-quarter results to reveal dire state of top US banks

"Hit US banks especially hard. We've got earnings coming up, so we'll get another snapshot of how the banks are faring firm or let's bring in military intelligence analyst Allison Williams. So Alice again seems like we just got through bank earnings. And here we are again. Upcoming banks are faring here in this new World Order were in well, I think it's going to be Tough quarter largely driven by provision. Keep in mind versus past cycles. We have a much more pro cyclical affect this time and what that means it's just more up front. No more reserves up front and then sort of releasing on the back end. But I think two key things this quarter one every quarter. We talk about the earnings and we discussed the fact that it's all about the forward. Look. The earnings is a little bit different because after the stress test and the third talking about capping dividends, based on recent income to find a sort of the average of the past 4/4 this quarter is going to be an end. But not just to this quarter. But for the next few quarters, a CZ long Restriction remains in place. So this will give us sort of. Ah look, and the one bank that we'll get the most news about That around is is Wells Fargo. They've already sort of guided the fact that they're going to have Tio most likely cut their dividend. The second thing this quarter will be No. How are things tracking as a lot of these deferrals have sort of come up to there? You know, I guess first roll forward if you will. So you know, immediately. We had all these liberals put in place the 90 day mark. We will know sort of how things shook out as that sort of 90 day. Limite came up on DH shouldn't say limit sort of. I guess it's just a marker because consumers can ask for more time. But the question is, Are they going to ask for more time? Well, they start paying what's gonna happen. That's sort of the pivot point and that will give us an eye into credit so super great points and I guess, Christian saving of CEO of Deutsche Bank said to Bloomberg this week. That he thinks that the second quarter will be the top and loan loss provision. Do you agree with that? So it could be? Of course, it's all going to depend on you know how things take shape from here, Right where Sort of. You know, if you looked at some of the different scenarios and depending on the shape that you see from here, things can just pretty dramatically. But, you know, let's say that we are looking at their most optimistic scenario and again, I would remind you about the counting right to the provisions will be the highest in the last quarter in this quarter. That doesn't mean we've even started to see the actual charge off yet, But we will see bags sort of provisioning for you know, the very negative environment that we have now it wasn't sort of factored into the reserves at The first quarter, but obviously since on the economic picture has gotten worse. So after these 2/4 you know, we should be fairly well provisioned for the best case economic scenario, and then you know, obviously it's going to depend on what happens from here. So, Allison, you know you talk about those You know the test about whether these companies can keep or have cut their dividend. Is that pride maybe some negative incentive for them to kind of goose their GPS numbers here for the next couple quarters so that they can continue to pay dividends. Or is that not a risk that investors are really worried about? From a theoretical standpoint? I think one could make that argument. But I would say that if you look at, you know, you know, First of all, I think it's the final decision on dividends aside from Wells, which had a sort of a unique case of a higher And Pierre payout for across the U. S banks and also earnings that were hit much harder than there are other bags. I think they're in a unique spot, but the other banks, you know, the dividend passed already give them a fair amount of room and so even if you sort of are very harsh In your earnings outlook. They should be fine. And I think if things did get, you know, you get dramatically worse you could be dealing with, you know, regulatory and political pressure ahead. The key thing that came out with a stress test is basically You're the Fed, making Everybody resubmit that plans and what that does mechanically is. It doesn't allow the bags to do like a big share repurchase, which I don't think anyone would anyway. But it sort of precludes bank from taking any measures, and the Fed basically left their options wide open to come in and require Into basically increased capital requirements or do other things. So I don't think that the Fed has sort of set this restriction, but it's not gonna be the be all and end all. But I wonder how that feeds into the compound sort of expense ratios because some out there like Sheila Bair used to run the FDA, C says, like and actually indenture. Alot, too, is that it shouldn't just stop At buybacks and dividends that it should also be in comp that if you know we're in a really bad time, globally and financially, then you have to have a limit on the kind of conflict in payout, which will tie also into expense ratios. What do you hear about that question? You know, the one thing that I would point out is, you know again, the big difference this cycle vs last cycle. Last cycle, the banks were over leveraged. They were sort of part of the problem, so I think there was obviously a lot of scrutiny around the compensation. This cycle, the back part of the solution. They have very healthy capital levels. The worry is just that, you know we're in this unprecedented downturn and do we need the banks to sort of keep their capital to be ableto lend to the economy, So that's a very different situation. And if you go back to Sort of as I was discussing before banks get into a situation where they have to start limiting payouts. There are some compensation element of that. Um, but I think you know to the extent that the compensation argument I understand some people maybe raising it, but I don't think that's sort of at the heart of the issue as it is sort of in the last crisis. On the overall expend standpoint, right? The banks are trying to do everything they can to help their employees on a broad base. Is there they to varying degrees that that they're not going to lay off people? You know, they tried to give incentives Tio Branch type employees at retail type employees. So that's obviously not the compensation that you're alluding to. But I'm just, you know, sort of framing the bigger picture. I think that at the end of the day, the banks are gonna be interested in doing what's right for the long term, and I think, to the extent that we sort of discussed earlier some of the really negative bearers scenarios. I think thank you know, are going to want to keep paying out. Their shareholders will fight to pay their dividends, but they're not going to be and they're going to keep track of what's happening in the environment and respond accordingly as well. Also Williams Bloomberg intelligence, senior bank's analyst, joining us Thanks so much. I'm like joined at the

FED Allison Williams Analyst United States Alice Wells Fargo TIO Williams Bloomberg Sheila Bair Limite Wells Bloomberg Deutsche Bank CEO FDA
New York's Deutsche Bank agrees to payout for Epstein dealings

NPR News Now

00:32 sec | 1 year ago

New York's Deutsche Bank agrees to payout for Epstein dealings

"New York Georgia Bank has agreed to pay one hundred fifty million dollars to settle claims that broke compliance rules. The State Department of Financial Services says Deutsche. Bank failed to detect or prevent suspicious transactions involving late sex offender. Jeffrey Epstein Department Superintendent Linda Lacewell. Says it is the first enforcement action against a financial institution that dealt with financier. Epstein died in a Manhattan federal lockup last summer while awaiting trial on sex trafficking

Jeffrey Epstein Department Sup State Department Of Financial Deutsche New York Georgia Manhattan
"deutsche bank" Discussed on The Last Word with Lawrence O'Donnell

The Last Word with Lawrence O'Donnell

02:28 min | 2 years ago

"deutsche bank" Discussed on The Last Word with Lawrence O'Donnell

"Stewart stevens will join us at the end of this hour to consider the political unethical damage. Donald trump has delivered to republican politics and take a look at the polls that show donald trump going down and favorability and every one of the swing states that delivered his electoral college victory stuart stevens is one of the renaissance renaissance man of republican politics. He has run presidential campaigns. He has written novels. He has written several books. He has written fictional television. Drama stewart and i worked together as writers on one of those rounds. He is mississippi. Republican who is supporting a massachusetts republican bill weld in his campaign to challenge donald trump for the republican presidential elimination. He is not just trying to save his party from donald trump. He's trying to save america from donald trump and stuart stevens will get tonight's last word. We begin in tonight with the breaking news from databank today that your bank has donald trump's tax returns that is not exactly what does your bank said and it's redacted legal filing today but it is what one source close to your bank has revealed to me about the financial documents in the banks possession this action and so the words donald trump probably do appear in the redacted space in today's court filing deutchebanks lawyers told the federal court quarter appeals in new york city quote the bank has in its possession tax returns in either draft or as filed form responsive to the subpoenas china's for redact right there. That's probably where the words donald trump up here. It goes on in addition. The bank thank has documents related to parties not named in the subpoenas but who may constitute immediate family with the definition provided in the subpoenas the bank does not believe it possesses his tax returns responsive to the subpoenas for individuals named in the subpoenas other than those identified above now that language indicates that the redaction in this covering more than one name of more than one person the subpoenas in question are from the house of representatives intelligence committee and financial services committee those committees told the court they have subpoenaed trump family financial records and tax returns from deutsche bank as part of investigation of russian money laundering and potential influence <music> on the present. The information publicly disclosed today by deutsche bank is so far consistent with what a source close to your bank has revealed to me about the trump..

Donald trump deutsche bank stuart stevens Stewart stevens mississippi bill weld massachusetts new york city china america
"deutsche bank" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

05:58 min | 2 years ago

"deutsche bank" Discussed on The Indicator from Planet Money

"Really what's it a case study of well to really appreciate how to run a bank. Do the opposite of what Deutchebanks does really. It's the cautionary tale yes in fact. Mark says you could almost almost liquor Deutsche Bank and J. P. Morgan a tale of two banks back in two thousand eight. They started out in roughly the same place too big respected wealthy investment banks but while Deutsche Bank is breaking the Pizza Barrier J._p.. Morgan stock is trading at a one hundred hundred thirteen dollars a share. That's an expensive pizza. That's already. That's a whole Gucci Pizza and Marxist the reason for this kind of boils down to deutchebanks personality has been known to be the riskiest Global Bank. Has it been sort of like risky and a like kind of a cool way like it was like James Dean risky or was it kind of like these guys know what they're doing. Deutsche Bank is developed this reputation over the years as taking excessive risks in regard to bending ethics in having lax controls pursued a prophet. Maybe not too surprising that when the financial crisis hit Deutsche Bank was up to its neck in toxic mortgage loans in fact it was one of the biggest players in the toxic mortgage market and when the financial crisis started Deutsche Bank. Inc Go hammered and Deutsche Bank itself eventually was exposed for its amount of mortgage-backed securities it sold in eventually it had to settle with fines and fees of over seven billion dollars but only after getting hundreds of billions of dollars from the government in a massive ballot because Deutsche Bank was deemed too big to fail it was so big and so enmeshed in the financial system that even though it's German Bank U.. S. Taxpayer money was used to save it it it was considered to be that important but in spite of all that helps as mark would you bank never really got its groove back. After the financial crisis it started cycling through CEOS it had five CEO's in ten years unlike J. P. Morgan of course <music> who C._E._O.. Jamie diamond stayed on steering the bank through the financial crisis in the recovery and perhaps most importantly catch J._p.. Morgan out of the riskiest parts of the mortgage trading business but even in spite of all of deutchebanks leadership changes the bank never really changed its tactics says mark it doing really risky business deals getting into trouble and paying big fines to regulators it recently paid a six hundred million dollar fine to regulators for apparently laundering billions of dollars for Russian investors and a bunch of it's records have been subpoenaed for a series of questionable dealings Deutsche Bank did with President Trump's company the trump organization including one deal trump's company defaulted on a big loan that it had taken out from Deutsche Bank and then Deutsche Bank sue trump's company and then trump's company. Borrowed money from Deutsche Bank to pay its settlement with deutchebanks that happened reputation was if you couldn't get a loan from J._p.. or see go too deep Deutsche Bank because they probably will give you that loan. Oh that's you know as well as with the Federal Reserve a reserved came out and F._d._i._C. and also said they were highly risky bank which you know puts in the question who wants to do business with a highly risky bag. Why did they keep doing risky stuff? I mean it seems like they were doing risky staff and they really got stung for it and then they kept doing risky stuff well. I think the view was as the bank in the capital sosition declined. The bank needed to take more risk to try to get in in step with her competition meaning that as J. P. Morgan became more and more successful in city. They took greater risks Nisa. Try to catch up with their competition. Oh it's like they fell behind and then they start making bets that were riskier to try to catch back up. This bank has really doubled down in fact the international monetary fund named Deutsche Bank the world's most dangerous bank in two thousand six dangerous thing I would love with a plaque anyway in spite of all of this risky behavior or maybe because of it deutchebanks still couldn't seem to make any money. Late or not enough money anyway so Deutsche Bank is cutting a bunch of costs getting out of some of its key businesses and focusing on its corporate banking business. How likely is this to work? I'm skeptical article that this plan is really gonNA work. I think that probably what will happen. Is the various parts of this bank will be broken up and sold stronger parties. Mark says if the right leadership had come along or Third Been One C._E._o.. At the company for the last ten years it's possible Deutsche Bank would be in a stable even a strong position like J. P. Morgan which is now worth about three hundred and sixty six billion dollars more than twenty times what Deutsche Bank is now worth and and just to show you how weak this bank is so Deutsche Bank is located in fifty nine countries but yet as market cap at under sixteen billion now is less than the value of citizens financial group which is located in Providence Evans Little Little Providence Rhode Island. It's is remarkable. The fall of this giant back in two thousand eight Deutsche Bank was saved by its bigness potentials are shrinking and now it's just about the right size to fail to finish to a matchbox jason thrown into the trash. It's a sixteen billion dollar matchbox. That's a nice match by Gucci. Match much folks well. Mark thinks that that failure is a real possibility and if Deutsche Bank does fail he'll fold this into his cautionary tale to students on heightened not run a bank. What is the comment that you hear the most from students about about Deutsche Bank a why why did the C._E._O.'s make so much money considering the the investors are losing so much money off the eternal question well deutchebanks?.

Deutsche Bank J. P. Morgan Mark Deutchebanks Morgan stock deutchebanks trump James Dean Federal Reserve President Trump Providence Evans Little Little Jamie diamond citizens financial group international monetary CEO C._E._O.
"deutsche bank" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

01:31 min | 2 years ago

"deutsche bank" Discussed on The Indicator from Planet Money

"This <Speech_Female> week Deutsche <Advertisement> Bank <Speech_Female> made a <Advertisement> pretty shocking <Speech_Female> announcement <Speech_Female> first of all it <Speech_Female> is basically getting <Speech_Female> out of the investment <Speech_Female> banking business <Speech_Male> also <SpeakerChange> laying <Speech_Male> off eighteen <Speech_Male> thousand workers <Speech_Male> cutting <Speech_Male> expenses by twenty <Speech_Male> five percent <Speech_Male> and splitting off <Speech_Male> some of its businesses. <Speech_Male> All <SpeakerChange> of this <Speech_Female> is an attempt for Deutsche <Speech_Female> Bank to reorganize <Speech_Female> and save itself <Speech_Female> from going under <Speech_Female> the bank lost more <Speech_Female> than three billion dollars <Speech_Female> in about three months <Speech_Female> <SpeakerChange> it tried <Speech_Male> to lock down a merger <Speech_Male> but that failed <Speech_Male> a nights <Speech_Male> just trying to survive <Speech_Male> and we're potentially <Speech_Male> looking at the slow <Speech_Male> bloody swansong <Speech_Male> of one of <Speech_Male> the biggest banks <Speech_Male> in the world. <SpeakerChange> <Speech_Female> This news did not <Speech_Female> surprise Mark Williams. <Speech_Female> He's a professor at <Speech_Female> Boston University's <Speech_Female> Questrom school well if management <Speech_Female> and a former <Speech_Female> Federal Reserve Bank <Speech_Male> examiner. <SpeakerChange> I just <Speech_Male> shook my head. When <Speech_Male> I read the news? <Speech_Music_Male> <Advertisement> <Speech_Female> Why would you think <Speech_Male> since it's just <Speech_Male> a shame it's <Speech_Male> been mismanaged and <Speech_Male> this is just another <Speech_Male> attempt <Speech_Male> to shore up <Speech_Male> something which keeps <Speech_Male> on becoming <Speech_Male> smaller and smaller <Speech_Male> is <Speech_Male> just a giant shrinking <Speech_Male> bank? <Speech_Music_Male> I mean that's really <Speech_Music_Male> it's <Speech_Music_Male> burn rate is since <Speech_Male> losing billions and billions <Speech_Male> of dollars every year <Speech_Male> <SpeakerChange> but high. <Speech_Male> Did this happen <Speech_Male> where to <Advertisement> Deutsche Bank <Speech_Male> go wrong. <Advertisement> This is the indicated <Speech_Music_Male> from planet money. <Speech_Male> I am today <Speech_Music_Male> substitute <Speech_Music_Male> Patty Hirsch <Speech_Music_Male> and I'm <SpeakerChange> Stacey <Speech_Music_Female> Vanik Smith. There <Speech_Music_Female> are no substitutes. <Speech_Music_Female> Patty are fearless <Speech_Music_Female> editor and <Speech_Music_Female> today on the show we talk <Speech_Music_Female> about what happened <Speech_Music_Female> to <Advertisement> Deutsche Bank. <Speech_Music_Female> How <Advertisement> did it go <Speech_Music_Female> from one of the <Advertisement> biggest <Speech_Music_Female> wealthiest <Advertisement> flashiest <Speech_Music_Female> banks in? The <Advertisement> world <Speech_Music_Female> with operations <Advertisement> dozens <Speech_Music_Female> of <Advertisement> countries <Speech_Music_Female> to a shadow <Speech_Music_Female> of <Advertisement> its former <Speech_Music_Female> self <Advertisement> just selling <Speech_Music_Female> off <Advertisement> parts to <Speech_Music_Female> survive <Advertisement>

Federal Reserve Bank professor Deutsche Bank Patty Hirsch Boston University Questrom school Vanik Smith editor Mark Williams. three billion dollars five percent three months
"deutsche bank" Discussed on The Last Word with Lawrence O'Donnell

The Last Word with Lawrence O'Donnell

04:03 min | 2 years ago

"deutsche bank" Discussed on The Last Word with Lawrence O'Donnell

"Democrats under Chris van hone joined by six other democratic senators including presidential candidate Elizabeth Warren have written to the chairman of the Federal Reserve and the president of the Federal Reserve Bank of New York requesting that top officials examined, whether Deutsche Bank complied with anti money laundering, and other laws after Vang Deutsche Bank employees flagged transactions tied to President Trump as potentially suspicious. The letter was sent in response from New York Times article that said specialists at Deutsche Bank, had recommended that transactions by legal entities controlled by President Trump and Jared Kushner be reported to the federal financial crime. Regulator managers at the Bank, did not then report those transactions the senators write quote, only by conducting a thorough review of the full range of this activity. Can we better understand what happened in these cases? What practices procedures personnel may need to be? Changed at the Bank, and what regulators should do to ensure the Federal Reserve's ability effectively to monitor compliance with anti money laundering laws. The letter also asks the federal officials for information about their interactions with Deutsche Bank, including whether they have investigated the issues that several former Bank employees, publicly raised in that near times article joining us now is the author of that letter democratic Senator Chris van, Holland of Maryland. He's a member of the Senate budget committee Senator, thank you very much for joining us tonight. So this letter strikes me as a follow up a natural follow up to that New York Times reporting. And what is are you asking of the Federal Reserve in this letter? Well, that's right. Lawrence, it is a follow up and what we're asking is the Federal Reserve do its job. They are the Bank regulator for big banks, like Deutsche Bank. I don't your Bank already has a dismal track record when it comes to anti money laundering active. Vity. They've been penalized many times. And now we have a report from the specialist at Deutsche Bank, who track anti money laundering activities. They were filing preparing a suspicious activity report about these Trump related entities, and they were overturned by higher ups. And by the way, not higher ups in the chain of command higher ups outside the chain of command in the private banking section of Deutsche Bank, the folks who deal with people like Donald Trump. And so the Federal Reserve really has an obligation to open investigation into this matter, and hold the Deutsche Bank accountable. I just want to read some of the questions that you're asking the Federal Reserve on this in your letter, you say, has anyone from the White House, or the department of the treasury communicated with the fed board of the New York fed regarding Deutsche Bank, including instructions related to the release of documents to congress. Or to law enforcement, if so, please describe any such context. What? What is the likelihood of you being able to get real answers from the fed on this? Well, look, the banking committee oversees, the fed there in front of the committee, often, I'm joined on this letter by the senior democrat shared Brown, as well as others. We're going to be pushing this very hard in at every opportunity Lawrence. I wrote a letter back in two thousand seventeen right at the beginning of this administration asking the Federal Reserve for sure Ince's that it would continue to act, independently and do its job specifically with respect to oversight of Deutsche Bank. I also asked now chairman Powell the same question during his confirmation hearing before the Senate banking committee, would he uphold the independence of the fed, and make sure that they monitored Deutsche Bank in both cases, the Federal Reserve assured me they would do their job. This is the test. This is a real test of whether they will do their job. And regulate Deutsche Bank, which is part of their mandate. And their responsibility..

Deutsche Bank Federal Reserve Federal Reserve Bank of New Yo Vang Deutsche Bank chairman of the Federal Reserv President Trump New York Times Chris van hone Senate banking committee Elizabeth Warren president Jared Kushner Senator Chris van Ince Senate Senator Maryland New York
"deutsche bank" Discussed on KPCC

KPCC

01:37 min | 2 years ago

"deutsche bank" 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 bank" Discussed on KQED Radio

KQED Radio

05:13 min | 2 years ago

"deutsche bank" 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 bank" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

04:20 min | 2 years ago

"deutsche bank" 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
"deutsche bank" Discussed on Masters in Business

Masters in Business

04:56 min | 3 years ago

"deutsche bank" Discussed on Masters in Business

"The podcast, I have an extra special guest. His name is Torsten slot, and he is the chief economist at Deutsche Bank, securities. But more importantly, he someone I've been reading for, I don't even know how many years and I consider find his research and his writing to be among the most interesting and useful and contextualising economic data of pretty much anyone I've seen he, he is to me the the modern incarnation of f. Hyman of ISI. He, he sees the world from very holistic perspective. He looks at the the the world of markets in the economy just from a very, very broad perspective. And I, I just find he's one of the few economists that I'll look at a chart and I'll look at what he writes and. Kinda scratch my head and say, that's that's fascinating. How did how did I not see that before headline not understand this relationship between what otherwise is thought of as a small little piece, a little corner of the economy and it turns out to be much more complicated, much more sophisticated, much more. Interesting. I think you'll find this a toward a force conversation not only on the world of economics, but how economics intersects with markets with stock, investing with bond investing and how we should think about what drives the economy and what drives the lunar time cycles that affect pretty much everything. So strap yourself in get ready my conversation with Torsten slot. My special guest today is Torsten slack. He is the chief economist at Deutsche Bank securities, where he has been toiling away since two thousand and five. The Deutsche Bank team led by Mr. slack has been top ranked by institutional investor for both fixed income and equities for the past five years running previously, he worked at the organization of economic cooperation and development in Paris. And before that he was at the IMF he is a member of the economic club of New York educated at both the university of Copenhagen and Princeton University. Torsten lock, welcome to Bloomberg. Thanks for having me berry. So your background is really quite fascinating. You worked at the IMF you worked at the CD, what was it like transitioning to Wall Street. All that's a very. Potent? Very good question. And a was a bit of a cultural shock coming from the IMF and there was a d where you have a lot of time to sit and think in a closed door office about very complicated problems, and you need to ride papers for committees in needs to ride reports for manages and bought meetings, and that process of really having a lot of time and a lot of resources available to investigate something was a real luxury view today in the sense that you have in some cases, several months to come up with an answer to why did we have a crisis? Why did home prices go down in one country? Why did the health care system not wake in one country? So the short answer is that the DNA if you really have time and energy and a lot of very smart colleagues that you can debate things with and getting to Wall Street, of course, was a quite a turnaround where you suck me. Kline's, asking twenty four, seven questions that you have to answer in a few sentences. So in that sense, it was it was quite a different, but in my view and in my personal opinion, I thought any credit stimulating that you had to use what you learn and what you were taught at there was DNA IMF to come up with answers to incredibly difficult questions with a very few number of sentences. Very, very. So what I'm hearing from you is a very different sense of urgency and a emphasis on brevity. So a very busy fund manager trader fill in the blank can digest the response quickly and then either add subtract or whatever change portfolio based on your take. Exactly because the whole problem is that the and this is really important. When you think about how the financial service industry is organized, that the sell side is really offering services and what I do, and we. Do in my group is that we offer the service of heading of you on what the economy will do, what markets will do. And we also have a great colleagues. I hadn't Deutsche Bank who all of us on rates FX equities..

chief economist Deutsche Bank securities IMF Deutsche Bank Hyman Torsten lock ISI Paris university of Copenhagen Bloomberg New York fund manager Princeton University Kline five years
"deutsche bank" Discussed on FT Banking Weekly

FT Banking Weekly

02:02 min | 3 years ago

"deutsche bank" Discussed on FT Banking Weekly

"From those big four anchors as you said sydney the noises coming at blackwood with less than positive a few weeks ago so we'll see what comes through on that let me go now to germany weber joined by jahn buyer now by is the lawyer for combat of freitag who is the activist shareholder who tabled the confidence vote in mr athlete now young by thank you very much for joining us i spoke my first question would be what prompted you as mr freitag tax representative to table this motion issue you should see two motions of noconfidence against us off night night and the structural proposal we made proposing that deutsche bank should refocus business on european and asian investment banking as well as wealth management it boiled down to very simple question stuff i talk does not believe and i think if you share this with a growing number of of shareholders deutsche bank that deutsche bank have credible strategy of forward around and that they are simply kicking the can down the road for a number of years now the leadership of mr live now and therefore we decided to table both revolution and put them on the agenda in order to able shareholders to discuss whether or not mr nightmare still the right person as a chairman of torture bank okay so i suppose nobody knows for sure until the gm actually happens whether mr athlete now will find his position untenable after thursday or not but what is you'll sense is your attempt to ask him going to work you know from our perspective we were never really confident that you know institutional shareholders would vote missed off like now in the gm but the motion to dismiss missed off like knows roy.

freitag representative deutsche bank chairman gm roy sydney germany
"deutsche bank" Discussed on FT Banking Weekly

FT Banking Weekly

01:35 min | 3 years ago

"deutsche bank" Discussed on FT Banking Weekly

"That's unpleasant don't you have to make choice between someone who knows banking really well and someone who knows germany really well honestly han find them both there may be appointment actually someone who can make the necessary decisions around the core banking questions the comes more important to them than someone who can handle berlin someone who could handle the workers cancels so just to round off here christiane serving the new chief executive is a relatively unknown quantity for many international banking watchers elise at a lifelong career up deutscher he's not really had much profile in the international wing of deutsche bank what can you tell us about him and what we should expect of him really interesting wrong similar to the city of him copa who the bank storing she oh back in the nineties both of them started if teenage during an apprenticeship at a bank at a local brand and then rose through the ranks of internal organization without ever going to university surviving large part of his career actually not in retail banking where he started and where he basically ended before taking the feel but in between for more than twenty years he was in risk management and internal auditing he's very popular was regulators and also fien kind of down to earth nonarab senior executive which is resting at dodger actually we have to see his weather his appointment actually works in terms of improving profitability in the share price thing is cost for investors thank you very much less and laura.

christiane chief executive deutsche bank senior executive dodger germany berlin twenty years
"deutsche bank" Discussed on FT Banking Weekly

FT Banking Weekly

02:32 min | 3 years ago

"deutsche bank" Discussed on FT Banking Weekly

"At a temp ben mcclanahan and his guest there has been ken reese the chief executive of elevate the some prime lender we've also been talking through a city uk conference here in london to mark hope and baroness folklore this week we'll be talking about deutsche bank on a potential change at the top also three reasons to be cheerful about brexit and finally that interview that ben mcclanahan has done in the us with elevate the subprime lender that went public a year ago i martin to deutsche bank and the long running rumors are john cryan 's tenure at the helm of germany's biggest bank have resurfaced we hear talk of informal approach is being made to potential external successes what are you hearing exactly yeah so i think this is being driven by a strategic disagreement and debate that is happening right now at deutsche bank about the future of its investment banking business basically which is still the bulk of the group germany's biggest bank and the difference of opinion is really one on on timing and an how aggressive to be enshrining the balance sheet of the investment banking business which is still one of the largest in the world in terms of risk weighted assets and capital absorbs and and the reason the bank needs to do something is that the capital requirements so on it increasing on in several areas because of the basel socal basel four reforms so they can see the problem and also the bank is just not generating enough of return on equity to make it a long term viable business it needs to generate a higher return on equity and so the the difference of opinion is between the chairman of the supervisory board poor act like ner and the chief executive all and and chairman of the management board john cryan john cryan is very business tonight is he's analyze this problem in depth he knows what he wants to do you want to get on with shrinking the balance sheet of the investment bank but the strategy that he's pursued so far has been one of cost cutting and also a some hair.

ben mcclanahan chief executive london us john cryan deutsche bank germany ken reese basel chairman of the supervisory bo chairman
"deutsche bank" Discussed on FT Banking Weekly

FT Banking Weekly

01:37 min | 3 years ago

"deutsche bank" Discussed on FT Banking Weekly

"Market and deutsche bank the first increase in collective net hiring for the group of banks nuts uninteresting turning point because it shows out they are evolving from the cutback stage to the invest stage and that's going to be interesting going forward poem which does this trend among the european banks signal them kind of reengaging in competition with the us banks they've being on the front foot for quite some time now is this a signal that they're going to become more aggressive in terms of the competitiveness of the market for some of them it's just that they've just been so distract his are so consumed by their restructuring that neither looking to rothe again and is over the fact that the market is getting better so a number bang for talked about the pickup in volatility in the first quarter and that's going to help the market overall in terms of their competitive position we've always he seen the european banks particularly in europe actually taking a bashing at the hands of us banks ironically breaks that will help the eu banks in this regard as things stand because it looks like the large eu investment banks we'll be able to run branches in london and as they currently do and that is going to allow them to have a single poon of capital across the eu and that will make it more efficient for them to do business the us by from the other hand look very likely to have to maintain separate capital further eu and the uk and entities that will put them at a competitive disadvantage so we may be approaching something off a reshuffling in the world order and certainly there are things that would lend itself to the european banks having a better time going forward the one caveat i would make i did speak to recruit or the ran these figures were they made the point that the european bank did have an uptick in hiring in the.

deutsche bank eu uk europe london
"deutsche bank" Discussed on The Situation Room with Wolf Blitzer

The Situation Room with Wolf Blitzer

02:02 min | 4 years ago

"deutsche bank" Discussed on The Situation Room with Wolf Blitzer

"Ring involving russia which of course would be illegal by the way the founder the cofounders of fusion gps the firm that to commission that russian dossier on russian connections with trump they also think that money laundering is at the heart of all of this based on what you know is there a problem here very serious problem wolf and ironically more than a year ago i urge at the records of deutsche bank be subpoenaed by the attorney general of united states in fact i advocated appointment of a special council because of the prospect of money laundering involving both donald trump junior and senior involving deutsche bank and russian bank so i think there is a lot of fire behind this smoke because by information is that members of congress congress thousands and they of knocked a sought to subpoena the deutscher bank records but what about the robert muller do you know if he has he has those records no one can confirm other than robert muller whether he has subpoenaed the records and door japan itself has been somewhat vague on the topic in responding to questions but eventually those records will be in robert modes hands i would say with near certainty and what what are you suspect they will show what they will show is the reason why roger millar wants them that there have been dealings between donald trump and georgia bank it's the only bank that has loaned money to robert to donald trump in recent years because of his bankruptcy and because of the allegations of fraud against him and it may show as well that there was money laundering involving russian banks and deutsche bank there is a complicated and tangled web here of financial dealings and when steve bannon focuses on money laundering he's definitely onto something but robert muller is following the traditional prosecutor mantra.

russia money laundering deutsche bank united states robert muller roger millar fraud steve bannon founder attorney donald trump congress deutscher bank japan georgia prosecutor
"deutsche bank" Discussed on FT News

FT News

01:52 min | 4 years ago

"deutsche bank" Discussed on FT News

"Well control until the shareholding falls below an as yet undisclosed level now that same great for the bank in that the bank is going to be able to maintain control oil also getting some cash from selling parchment the problem is as some investors have already pointed ice if you sell it in this way that may force a discount on the price because people are less keen to pay top dollar for an entity where they get ownership but they don't get control remind us why deutscher is doing this flotation because it needs the money which is the reason deutsche it as most thinks the heath's a his this was always his way of raising edition on capital they also say as well led the britons achieve its full potential and they will do that wouldn't a how much was it likely to generate so the valuation of what we think of we are aimed a billion euro and we're expecting them to flows of two 25 percent of that if there were johnny discount that will give you a two billion contribution now they make echoes a to warn when seven one point eight with third me it's a non immaterial some for them said they're going to be calling as a dws wishes three two have round rather than deutsche asset management and you got a thing that is a good thing for it because last year they had i flows afife when five percent and that was blamed on the noise iran deutsche bank globally and there were pressure on the group so in that sense you could certainly argue that the business will do better went inside side of the deutsche bank name and you can see the people even their georgia has hopefully got the worst of its pain behind it there are still some uncertainties going forward so you can see how it might seem like it was a safer and to see were not owned by the bank also being at the bank they can do more things incentivize staff they just have a lot more freedom than if they're curtail within the door to bind group and i can certainly see a branding advantage even though the already used to be with for the retail brand shaking the deutsche bank name away from it i think can only be a positive at this point no deutsche a.

deutscher deutsche asset management iran deutsche bank georgia deutsche bank two 25 percent five percent
"deutsche bank" Discussed on FT News

FT News

01:31 min | 4 years ago

"deutsche bank" Discussed on FT News

"Support for this financial times podcast comes from our friends at rocket mortgage by quicken loans home plays a big role in your life that's why quicken loans created rocket mortgage it lets you apply simply and understand the entire mortgage process fully so you can be confident that you're getting the right mortgage for you to get started go to rocket mortgagecomft from the financial times in london i'm patrick jenkins the ftc dimensional editon of this is f t news deutsche bank has announced the details of its flotation ovitz deutsche asset management unit well hits discussed that with me and how the plan ashley differs from expectations is low renewed an our investment bank correspondent laura you've been taking a look at exactly what is being flouted and how is everything as expected this has long been in the pipeline the idea that they're going to flows has long been in the pipeline but as is often the case with daily chad things are never quite as he why shouldn't expect expected them so they've pulled something out of left field hereby instead of doing a normal flotation listing it as a normal that company they've decided to go for a different structure which will make it a limited partnership that's called a k g a in german law and the effect of doing this is that even if deutsche a has a shareholding below seventy five percent in the new entity they will still have.

patrick jenkins deutsche bank laura ashley investment bank deutsche a seventy five percent
"deutsche bank" Discussed on MSNBC Rachel Maddow (audio)

MSNBC Rachel Maddow (audio)

01:30 min | 4 years ago

"deutsche bank" Discussed on MSNBC Rachel Maddow (audio)

"I mean if you if you wanna talk about donald trump personally and specifically honestly until today the only big and sorta suspicious banking relationship we've known about him at least recently with any russian bank it's with deutsche bank right which as the name implies is not russian deutsche bank still to this day is the bank that donald trump hundreds of millions of dollars to deutsche bank is the bank that dealt with donald trump in business terms for years when no other major banks would deutsche bank is the bank that continued to lend president trump hundreds of millions of dollars for various deals even after he was unable to pay them back and some of his earlier loans even after he went so far as to file lawsuits against deutsche bank because he failed to pay them back which is a certain kind of hubris there there are aspects of the donald trump deutsche bank relationship that have always seems unexplained by the bounds of normal financial business dealings deutsche bank at least on the surface appears to have been uncommonly generous too generous to him and forgiving of him deutsche bank also it turns out give jared kushner several hundred million dollars in loans in october of last year right before the election loans that jared kushner personally guaranteed which made it all the more unusual that he failed to disclose those loans from deutsche bank on his financial disclosure statement hundreds of millions of dollars.

donald trump russian deutsche bank jared kushner deutsche bank president hundred million dollars