(Before It's News)
Deutsche Bank concerns just went to ’11′
as Bloomberg reports a number of funds that clear derivatives trades with Deutsche Bank AG have withdrawn some excess cash and positions held at the lender, a sign of counterparties’ mounting concerns about doing business with Europe’s largest investment bank.
Credit default swaps are at a all time high for DB
Clients review their exposure to counterparties to avoid situations like the 2008 collapse of Lehman Brothers Holdings Inc. and MF Global’s 2011 bankruptcy when hedge funds had billions of dollars of assets frozen until the resolution of lengthy legal proceedings.
As expected, Deutsche Bank stock in NY is sliding.
Read more from Tyler Durden himself
For more information
>Deutsche Bank COLLAPSES Tomorrow Friday 9-30-2016 Expected to wipe out banking system worldwide<
>The Ghost of Lehman Brothers Haunts Deutsche Bank
>Wall Street’s ‘fear gauge’ jumps the most in 3 weeks on Deutsche Bank worryhttp://www.marketwatch.com/amp/story/guid/1B8FCC9C-8669-11E6-A751-447CDAF369FF
>Deutsche Bank crisis threatens to roil global marketshttp://www.marketwatch.com/amp/story/guid/854A0936-8583-11E6-A751-447CDAF369FF
>GERMANS TOLD TO STOCK FOOD/WATER IN CASE OF COLLAPSEhttp://www.telegraph.co.uk/news/2016/08/22/german-defence-plan-tells-citizens-to-hoard-food-and-water/
>Early reports of a full on bank run on DBhttp://www.zerohedge.com/news/2016-09-29/run-begins-deutsche-bank-hedge-fund-clients-cut-collateral-exposure
>DB collapse makes 2008 look like childs play, could be worse than 1929 for global markets.http://www.express.co.uk/finance/city/714881/Deutsche-Bank-collapse-could-it-be-worse-Lehman-Brothers-financial-banking-crisis-2008 NESARA- Restore America – Galactic News