Sunday, October 26, 2014

Bad Karma at Deutsche Bank?


My Orchids. Oncidium "Double Blossom". Photo ET





















Bad Karma at Deutsche Bank?

Zerohedge.com gives an overview over Deutsche Bank’s various outstanding liabilities, under the headline: „ Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide”.

The author starts evoking a wave of suicides among top bankers in 2014, among them 2 senior executives of Deutsche Bank, William Broeksmit in London in January, Charlie Gambino just recently in New York. From there a possible reason is found in the multiple points of risk and the overall situation of DB, which prompted the bank to increase its litigation reserves to €3.1 billion and contingent liabilities for fines at an extra €3.2 billion.






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