After the scandalous failure of Hypo Real Estate,
Deutsche Bank and Commerzbank, Germany’s 2 biggest banks,
calmed markets by reassuring, that their liquidity is secured until well into 2009.
To be honest, this is THE LEAST, one can expect from a financial institute after the developments, which started February 2007.
Financial institutes, which are still gambling, should be […]

Will we now face the “financial tsunami” Deutsche Bank’s CEO Ackermann was warning us about?
Or do the “betraying geniuses” have their work arounds ready?
The news:
Moody’s says it may cut Aaa ratings of Ambac, MBIA
And the market does not fall … not yet???
Usually, if Moody’s cuts, it will be the second “big” ratings agency to strip […]

After the negative surprise of GE … especially after they mentioned that they got hit within the last 2 weeks of March … due to the Bear Stearns turmoil …
We start to understand, why the financials start to move on to clean up their act … at least a bit.
And it seems to be AWFUL!!!
Citibank […]

Markets jumped out of the gates … Q2 … and more important … a new Japanese financial year …
A weak Tankan report gave the security of low rates …
So carry trades were put on …
Yen lost more than 2% today … and equities were the winners …
Trigger … bad UBS numbers … another 19 […]

Only 3 days left to trade in Q1 …
What do we see?
Volume dries out … volatility comes down …
Bad news keeps coming in …
Today …
- a “profit warning” from Deutsche Bank
- an Oppenheimer downgrade for financials
- an Citibank settlement on Enron (expensive)
- the worst new home sales numbers in 13 years
- an Oracle “miss” after […]

Applause for Deutsche Bank *clap clap clap*
Who thought, that there still was one BIG bank out there which you could trust?
They said … NO further write downs on subprime … and YES, they don’t have more of them.
They say, reason is their good risk management … MOST of their competitors had NONE!
They REAFFIRM their […]