Deutsche Bank Bloodbath Reignites Global Bank Crisis Fears
This article was originally published by Tyler Durden at ZeroHedge.
Last night, amid the Fed’s H.4.1 report, we noted an unprecedented surge in foreign official Repo ($60 billion) under the Fed’s new FIMA repo facility, which means that the offshore scramble for dollars was alive and well, and someone really needed access to USD. The assumption was that it was Credit Suisse (or UBS) shoring up some shortfalls, but with the action of the last couple of days, others are worrying that there is more afoot in the EU banking system.
After a brief respite earlier in the week, European bank stocks are cratering once again, now at 3-month lows (catching down to Senior Financial CDS)…
Deutsche Bank stock has crashed to 5-month lows…
Deutsche Bank CDS is soaring (Commerzbank is also rising rapidly)…
Source: Bloomberg
With the most crucial aspect (short-dated protection mainly used as a counterparty risk by derivatives trading partners) is very aggressively bid…
Source: Bloomberg
Notably, Deutsche unexpectedly announced its decision to redeem a tier 2 subordinated bond on Friday in a reassuring effort.
“Deutsche’s decision to redeem (having received all required regulatory approvals) should be a reassuring signal to credit investors,” Autonomous analyst Stuart Graham wrote in a note on Friday.
But instead, other Deutsche Bank AT1 bonds have plunged in price (with yields soaring above 16%)…
Source: Bloomberg
Notably, ECB rate-hike odds have plunged this morning from 25bps in May fully priced-in to just 60% odds now…
Source: Bloomberg
There is no specific news on DB to catalyze these moves but if DB is next, then the world’s financial system has a serious problem that makes CS look like SVB.
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This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: https://www.shtfplan.com/headline-news/deutsche-bank-bloodbath-reignites-global-bank-crisis-fears
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Whistler Blowers, Insiders
DE~DOLLARIZATION ….IS……..the REJECTION by BRICS +……..of the ….ABUSE / EN$LAVEMENT /
IMPOVERISHMENT / Denial of SOVEREIGNTY…………by the FAKE “j00″…..”CENTRAL BANKING”………
”we$tern” BANKING CY$T~ em.
***
CBDC………..CRIMINAL BANK$TER ~ DEMONIC COIN……….is a CONTINUANCE; upon the people, living in
the WEST………of the SAME EN$LAVEMENT………that the BRICS+……….are REJECTING
***
WE; the PEOPLE…..also…….HAVE to REJECT………the FAKE “j00″……..THIEVING / EN$LAVING
so-called BANK$TER$…and……..”their ” CY$T ~ EM$…….without WALKING INTO yet
ANOTHER…..TRAP.
*
* 
*
The COLLAPSE of the BANKING SECTOR…….represents; Imho and, at the VERY LEAST….
….INCOMPETENCE & FRAUD
The PERPE-TRAITORS are UNFIT to have EVER…….operated the BANKING $ystem / $WINDLE.
NONE of those COMPLICIT in SUCH INCOMPETENCE are FIT to occupy any POSITION of
“authority / power” and, certainly NO FORM of “care” of the ASSETS of others.
***
Again, and Imho, I SUSPECT …..the DUNG HEAP of DEPRAVITIES….anticipated the
GENOCIDE of ManKIND with the DEATH JAB / PCR Test….and…..therefore…..
UNCLAIMED BANK deposits……..aka………NO Bank Runs
The $WINDLED Customers would….ALL be….”6 feet under”
