Shares of the company have rebounded in the aftermath of Deutsche Bank CEO's statement, but remain depressed.
In an unusual move, Deutsche Bank has published online a letter to employees, which the company's CEO sent to employees in the aftermath of the turmoil this morning. The content aggressively rebukes the reports that the bank's clients are leaving it with Bloomberg reporting last night that about ten hedge funds have reduced their Liquidity exposure to Deutsche.
John Cryan is stating that the concerns that stemmed from the report are "unjustified" and that when taking into account that the German lender has over 20 million clients, the significance of the move undertaken is not material.
Elaborating on the bank's fundamentals, the CEO of Deutsche Bank states that the company is adhering to all its capital requirements and its recent steps of restructuring its business are yielding results. The company has recently sold its British insurer arm called Abbey Life and its stake in Chinese Hua Xia Bank.
Highlighting in his letter that the company's liquidity reserves are in a solid state, Cryan stated: "Currently our liquidity reserves still amount to more than 215 billion euros. This is an extremely comfortable buffer. This is clear proof of how conservatively we have planned. This is acknowledged by numerous banking analysts."
The company's shares have rebounded in the aftermath of the announcement and are currently trading over 8 per cent higher than the all time low at €9.9 per share.
I know which will get reported, but not sure which is more important: Deutsche Bank shares down 5% today, or up 5% from this morning's low?
"We have significantly decreased our market and credit risk in recent years. At no point in the last two decades has the balance sheet of Deutsche Bank been as stable as it is today. Despite low interest rates and a difficult environment we posted a pre-tax profit of about 1 billion euros in the first half of 2016. Before extraordinary items like restructuring costs, we earned about 1.7 billion euros. This demonstrates the operating strength of Deutsche Bank."
With the uncertainty over Deutsche Bank's litigation costs in the U.S. remaining on the table, the capital markets are still looking at hard data in order to assess what are the risks surrounding the bank. For the time being the immediate pressure on Deutsche Bank has subsided materially when compared to last night and earlier this morning.
Deutsche Bank sub cds blowing out this morning. A close at today's level would be widest weekly close on record, worse than Lehman & PIIGS. pic.twitter.com/oOQJMbRPnb
In an unusual move, Deutsche Bank has published online a letter to employees, which the company's CEO sent to employees in the aftermath of the turmoil this morning. The content aggressively rebukes the reports that the bank's clients are leaving it with Bloomberg reporting last night that about ten hedge funds have reduced their Liquidity exposure to Deutsche.
John Cryan is stating that the concerns that stemmed from the report are "unjustified" and that when taking into account that the German lender has over 20 million clients, the significance of the move undertaken is not material.
Elaborating on the bank's fundamentals, the CEO of Deutsche Bank states that the company is adhering to all its capital requirements and its recent steps of restructuring its business are yielding results. The company has recently sold its British insurer arm called Abbey Life and its stake in Chinese Hua Xia Bank.
Highlighting in his letter that the company's liquidity reserves are in a solid state, Cryan stated: "Currently our liquidity reserves still amount to more than 215 billion euros. This is an extremely comfortable buffer. This is clear proof of how conservatively we have planned. This is acknowledged by numerous banking analysts."
The company's shares have rebounded in the aftermath of the announcement and are currently trading over 8 per cent higher than the all time low at €9.9 per share.
I know which will get reported, but not sure which is more important: Deutsche Bank shares down 5% today, or up 5% from this morning's low?
"We have significantly decreased our market and credit risk in recent years. At no point in the last two decades has the balance sheet of Deutsche Bank been as stable as it is today. Despite low interest rates and a difficult environment we posted a pre-tax profit of about 1 billion euros in the first half of 2016. Before extraordinary items like restructuring costs, we earned about 1.7 billion euros. This demonstrates the operating strength of Deutsche Bank."
With the uncertainty over Deutsche Bank's litigation costs in the U.S. remaining on the table, the capital markets are still looking at hard data in order to assess what are the risks surrounding the bank. For the time being the immediate pressure on Deutsche Bank has subsided materially when compared to last night and earlier this morning.
Deutsche Bank sub cds blowing out this morning. A close at today's level would be widest weekly close on record, worse than Lehman & PIIGS. pic.twitter.com/oOQJMbRPnb
Forex Trading at Cboe Falls Below $45 Billion Daily Mark
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24