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Thread: Deutsche Bank Clients Are Pulling $1 Billion A Day

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    United States Avalon Member Ba-ba-Ra's Avatar
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    Default Deutsche Bank Clients Are Pulling $1 Billion A Day

    Zero Hedge was writing about this for several days:

    ". . .questions about the viability of Deutsche Bank are swirling - yes, it won't be insolvent overnight, but like the world's biggest melting ice cube, there is simply no equity value there any more - everyone else has decided to cut their counterparty risk with the bank with the €45 trillion in derivatives, and according to Bloomberg Deutsche Bank clients, mostly hedge funds, have started a "bank run" which has culminated with about $1 billion per day being pulled from the bank."

    ". . . . Deutsche Bank is considering how to transfer some €150 billion ($168 billion) of balances held in it prime-brokerage unit - along with technology and potentially hundreds of staff - to French banking giant BNP Paribas."


    hmm, so just as in 2008, let's not fix the problem, let's just move it around!

    Joseph Farrell's take:

    Blessed are the cracked, for they are the ones who let in the light!

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