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Deutsche Bank - a sh*t storm brewing

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.TUX. 29 Sep 16 11.12am
So I had better put my stock market related pension into what,its gone up loads since Brexit.Is there something I can do to lock into the gains of the market. Exchange rate is important to me I spend so much of my time in Europe and the US and use Pounds to change up. Sorry, i honestly wouldn't know as i stopped putting into my private pension 20yrs ago but i'm sure some here could help. My 'interest' is generally in the global markets/global economy as a whole. As i mentioned earlier, and 'Kerms' link supports, something is on the horizon and it's only just becoming 'mainstream news' (i wonder why?) despite many realising the enormity of the situation (the recent Wells Fargo 'incident', cough cough, being another that has pretty much been kept quiet. I wonder why #2?). Re- the dollar, many are saying it's set to fall and personally i believe it will. One last thing while i'm on my 'soap-box'. There's a 99% chance that there'll be a run on the banks in the near future, ie you'll not be able to access your money. If you do have some spare, stick it under your mattress for the time being. If this doesn't happen, you've lost nothing other than a bit of time. I on the other hand will look like a right plonker. Hey ho Buy Litecoin.
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.TUX.

29 Sep 16 11.12am

So I had better put my stock market related pension into what,its gone up loads since Brexit.Is there something I can do to lock into the gains of the market.

Exchange rate is important to me I spend so much of my time in Europe and the US and use Pounds to change up.

Sorry, i honestly wouldn't know as i stopped putting into my private pension 20yrs ago but i'm sure some here could help. My 'interest' is generally in the global markets/global economy as a whole.
As i mentioned earlier, and 'Kerms' link supports, something is on the horizon and it's only just becoming 'mainstream news' (i wonder why?) despite many realising the enormity of the situation (the recent Wells Fargo 'incident', cough cough, being another that has pretty much been kept quiet. I wonder why #2?).

Re- the dollar, many are saying it's set to fall and personally i believe it will.

One last thing while i'm on my 'soap-box'.
There's a 99% chance that there'll be a run on the banks in the near future, ie you'll not be able to access your money. If you do have some spare, stick it under your mattress for the time being.
If this doesn't happen, you've lost nothing other than a bit of time. I on the other hand will look like a right plonker.
Hey ho

Buy Litecoin.

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NEILLO Shoreham-by-Sea 29 Sep 16 1.02pm
Originally posted by Cucking Funt Is it sufficient to put their lights out, though? Dermot, they still face potentially expensive law suit settlements in the U.S. as well as the Class Action in the UK ( btw approx. 4,500 staff are involved in that, so they are effectively suing their employers ). In terms of '' lights out '' it's hard to envisage a time where this organisation will have a totally clean bill of health. They have just abandoned the Williams and Glyn's project at a cost of millions. It's toxic and I don't know how much longer it can continue as it is. Old, Ungifted and White
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NEILLO

Shoreham-by-Sea 29 Sep 16 1.02pm

Originally posted by Cucking Funt

Is it sufficient to put their lights out, though?

Dermot, they still face potentially expensive law suit settlements in the U.S. as well as the Class Action in the UK ( btw approx. 4,500 staff are involved in that, so they are effectively suing their employers ).

In terms of '' lights out '' it's hard to envisage a time where this organisation will have a totally clean bill of health. They have just abandoned the Williams and Glyn's project at a cost of millions.

It's toxic and I don't know how much longer it can continue as it is.

Old, Ungifted and White

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Part Time James 29 Sep 16 1.15pm
Originally posted by Lyons550 The only reason Lloyds is leaking money is because the regulators keep f'ing extending PPI claim deadlines. Other than that they're now making profits and are back paying dividends! Correct, I was under the impression the FSCS (now FCA) had set a PPI claims deadline at the beginning but I don't think they did (correct me if I'm wrong) and it has been strung out for such a long time whilst Gladstone Brooks (and others) made a tidy profit from customers who didn't realise they don't need an intermediary (yeah, who is doing the mis-selling now Gladstone Brooks?). I know there is now a deadline and I guess once the banks can finally stop assigning budget to PPI payments they'll look a lot healthier (unless another scandal comes along).
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Part Time James

29 Sep 16 1.15pm

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Originally posted by Lyons550

The only reason Lloyds is leaking money is because the regulators keep f'ing extending PPI claim deadlines.

Other than that they're now making profits and are back paying dividends!

Correct, I was under the impression the FSCS (now FCA) had set a PPI claims deadline at the beginning but I don't think they did (correct me if I'm wrong) and it has been strung out for such a long time whilst Gladstone Brooks (and others) made a tidy profit from customers who didn't realise they don't need an intermediary (yeah, who is doing the mis-selling now Gladstone Brooks?).

I know there is now a deadline and I guess once the banks can finally stop assigning budget to PPI payments they'll look a lot healthier (unless another scandal comes along).

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Lyons550 Shirley 29 Sep 16 1.45pm
Originally posted by Part Time James Correct, I was under the impression the FSCS (now FCA) had set a PPI claims deadline at the beginning but I don't think they did (correct me if I'm wrong) and it has been strung out for such a long time whilst Gladstone Brooks (and others) made a tidy profit from customers who didn't realise they don't need an intermediary (yeah, who is doing the mis-selling now Gladstone Brooks?). I know there is now a deadline and I guess once the banks can finally stop assigning budget to PPI payments they'll look a lot healthier (unless another scandal comes along). Lloyds has put aside something like £6bn+ aside these last few years to deal with that...at the same time they've drastically restructured their foreign investments and holdings so its more inwardly focused on the British economy. Hopefully any Deutsche and European bank issues will have limited effect on them and as soon as the PPI claims wane they'll start growing again allowing the Government to sell off the remaining shares. The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 29 Sep 16 1.45pm

Originally posted by Part Time James

I know there is now a deadline and I guess once the banks can finally stop assigning budget to PPI payments they'll look a lot healthier (unless another scandal comes along).

Lloyds has put aside something like £6bn+ aside these last few years to deal with that...at the same time they've drastically restructured their foreign investments and holdings so its more inwardly focused on the British economy.

Hopefully any Deutsche and European bank issues will have limited effect on them and as soon as the PPI claims wane they'll start growing again allowing the Government to sell off the remaining shares.

The Voice of Reason In An Otherwise Mediocre World

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nairb75 Baltimore 29 Sep 16 2.57pm
Originally posted by Kermit8 [Link] Blimey. Suddenly Brexit seems piffling. "a 25 year Great Depression" Still, Karl did try to warn us, Marx not Pilkington, and so did all those crusties with their demos. We let the Right and their Capitalist ideology go way too far. that guy is kind of an assclown. think he's been saying that for 10 years now.
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nairb75

Baltimore 29 Sep 16 2.57pm

Originally posted by Kermit8

[Link]

Blimey. Suddenly Brexit seems piffling.

"a 25 year Great Depression"

Still, Karl did try to warn us, Marx not Pilkington, and so did all those crusties with their demos.

We let the Right and their Capitalist ideology go way too far.

that guy is kind of an assclown. think he's been saying that for 10 years now.

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nairb75 Baltimore 29 Sep 16 2.58pm
Originally posted by Cucking Funt And one of potentially epic proportions. It's starting to look like Brexit, and more importantly, not joining the Euro, were very, very wise decisions. [Link] what exactly are their bad assets?
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nairb75

Baltimore 29 Sep 16 2.58pm

Originally posted by Cucking Funt

And one of potentially epic proportions.

It's starting to look like Brexit, and more importantly, not joining the Euro, were very, very wise decisions.

[Link]

what exactly are their bad assets?

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OknotOK Cockfosters, London 29 Sep 16 3.32pm
Originally posted by Cucking Funt Is it sufficient to put their lights out, though? Yes the outstanding litigation(s) are enough to put their lights out. They probably won't (and as a former employee from the Non Core/RCR division with a large number of shares foolishly bought I obviously hope the lights do stay on) but there is still plenty there to leave the Chancellor/Tax Payer tearing out his hair. Edited by OknotOK (29 Sep 2016 3.33pm) "It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show
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OknotOK

Cockfosters, London 29 Sep 16 3.32pm

Originally posted by Cucking Funt

Is it sufficient to put their lights out, though?

Yes the outstanding litigation(s) are enough to put their lights out.

They probably won't (and as a former employee from the Non Core/RCR division with a large number of shares foolishly bought I obviously hope the lights do stay on) but there is still plenty there to leave the Chancellor/Tax Payer tearing out his hair.

Edited by OknotOK (29 Sep 2016 3.33pm)

"It's almost like a moral decision. Except not really cos noone is going to find out," Jez, Peep Show

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matt_himself Matataland 29 Sep 16 3.35pm
Originally posted by Kermit8 [Link] Blimey. Suddenly Brexit seems piffling. "a 25 year Great Depression" Still, Karl did try to warn us, Marx not Pilkington, and so did all those crusties with their demos. We let the Right and their Capitalist ideology go way too far. Yeah, because Mao, Stalin and Pol Pot were the exact definition of leaders who never went too far, weren't they Bertie? "That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02
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matt_himself

Matataland 29 Sep 16 3.35pm

Originally posted by Kermit8

[Link]

Blimey. Suddenly Brexit seems piffling.

"a 25 year Great Depression"

Still, Karl did try to warn us, Marx not Pilkington, and so did all those crusties with their demos.

We let the Right and their Capitalist ideology go way too far.

Yeah, because Mao, Stalin and Pol Pot were the exact definition of leaders who never went too far, weren't they Bertie?

"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02

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banbandanas Birmingham 29 Sep 16 8.18pm
Originally posted by matt_himself Yeah, because Mao, Stalin and Pol Pot were the exact definition of leaders who never went too far, weren't they Bertie? Then there are all the toiling millions desperately trying to get to Cuba and North Korea to escape the capitalist hell.
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banbandanas

Birmingham 29 Sep 16 8.18pm

Originally posted by matt_himself

Yeah, because Mao, Stalin and Pol Pot were the exact definition of leaders who never went too far, weren't they Bertie?

Then there are all the toiling millions desperately trying to get to Cuba and North Korea to escape the capitalist hell.

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Hoof Hearted 30 Sep 16 10.40am
The Hedge Funds are fanning the flames on this situation. They have all taken a position to benefit hugely from a substantial share price fall. As soon as they've had their feeding frenzy like the sharks they are, the share price will slowly recover. Merkel and others will put pressure on the US regulators to modify the fine and re-establish confidence. I also agree with Lyons550 opinions about Lloyds Banking Group - it is in good shape and paying dividends. The PPI thing should now be given a final date for claims and not extended any further. That is the only fly in their ointment right now. My Mrs works in their Group Risk Dept and she gets wind of possible problems long before they emerge publicly. Those on here predicting impending global financial doom (Kermit and TuX)... what are you basing this opinion on? Respected commentators of financial trends that I trust like Peter Hargreaves are not suggesting any disquiet and post Brexit the markets and currency are performing just as he predicted. Can you both "feel it in your water?" or have you any evidence of rumblings in the jungle? Edited by Hoof Hearted (01 Oct 2016 9.40am)
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Hoof Hearted 30 Sep 16 10.40am

The Hedge Funds are fanning the flames on this situation.

They have all taken a position to benefit hugely from a substantial share price fall.

As soon as they've had their feeding frenzy like the sharks they are, the share price will slowly recover.

Merkel and others will put pressure on the US regulators to modify the fine and re-establish confidence.

I also agree with Lyons550 opinions about Lloyds Banking Group - it is in good shape and paying dividends. The PPI thing should now be given a final date for claims and not extended any further. That is the only fly in their ointment right now. My Mrs works in their Group Risk Dept and she gets wind of possible problems long before they emerge publicly.

Those on here predicting impending global financial doom (Kermit and TuX)... what are you basing this opinion on?

Respected commentators of financial trends that I trust like Peter Hargreaves are not suggesting any disquiet and post Brexit the markets and currency are performing just as he predicted.

Can you both "feel it in your water?" or have you any evidence of rumblings in the jungle?

Edited by Hoof Hearted (01 Oct 2016 9.40am)

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.TUX. 30 Sep 16 11.56pm
Originally posted by Hoof Hearted The Hedge Funds are fanning the fanning the flames on this situation. They have all taken a position to benefit hugely from a substantial share price fall. As soon as they've had their feeding frenzy like the sharks they are, the share price will slowly recover. Merkel and others will put pressure on the US regulators to modify the fine and re-establish confidence. I also agree with Lyons550 opinions about Lloyds Banking Group - it is in good shape and paying dividends. The PPI thing should now be given a final date for claims and not extended any further. That is the only fly in their ointment right now. My Mrs works in their Group Risk Dept and she gets wind of possible problems long before they emerge publicly. Those on here predicting impending global financial doom (Kermit and TuX)... what are you basing this opinion on? Respected commentators of financial trends that I trust like Peter Hargreaves are not suggesting any disquiet and post Brexit the markets and currency are performing just as he predicted. Can you both "feel it in your water?" or have you any evidence of rumblings in the jungle? I see plenty of evidence regarding another economic collapse (imo it has been upon us for a long while now) but the majority of others see an economy that is slowly recovering. And that's the problem. It's like that dress that we all looked at a while ago. Was it blue or was it white? Some saw blue and some saw white, despite it being the same dress. I see a white dress. Others see blue. For the record, i honestly hope i'm wrong. Edit: This w'end is a Bank Holiday in Germany. As we've seen in the past, many actions/decisions have been taken during these periods. It could be an interesting week ahead. Edited by .TUX. (01 Oct 2016 8.19am) Buy Litecoin.
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.TUX.

30 Sep 16 11.56pm

Originally posted by Hoof Hearted

The Hedge Funds are fanning the fanning the flames on this situation.

They have all taken a position to benefit hugely from a substantial share price fall.

As soon as they've had their feeding frenzy like the sharks they are, the share price will slowly recover.

Merkel and others will put pressure on the US regulators to modify the fine and re-establish confidence.

Those on here predicting impending global financial doom (Kermit and TuX)... what are you basing this opinion on?

Respected commentators of financial trends that I trust like Peter Hargreaves are not suggesting any disquiet and post Brexit the markets and currency are performing just as he predicted.

Can you both "feel it in your water?" or have you any evidence of rumblings in the jungle?

I see plenty of evidence regarding another economic collapse (imo it has been upon us for a long while now) but the majority of others see an economy that is slowly recovering. And that's the problem.
It's like that dress that we all looked at a while ago. Was it blue or was it white? Some saw blue and some saw white, despite it being the same dress. I see a white dress. Others see blue.

For the record, i honestly hope i'm wrong.

Edit: This w'end is a Bank Holiday in Germany. As we've seen in the past, many actions/decisions have been taken during these periods. It could be an interesting week ahead.

Edited by .TUX. (01 Oct 2016 8.19am)

Buy Litecoin.

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