Golden goose killed. What now?

[OwlHoot]

Deutsche Bank confirmed they're moving their HQ to from London to Frankfurt.

It's beginning.

Deutsche Bank will be going nowhere except down the pan once their shares drop into single figures and they suspend trading.

Their debt and leverage is astronomical.

2016-07-10 Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

... as the Italian Prime Minister admitted last week, the core risk for Europe is not just the Italian banking sector but the biggest bank of all in Europe: Deutsche Bank.

Recall last Thursday, when speaking at a joint news conference with Swedish Prime Minister Stefan Lofven, Matteo Renzi said other European banks had much bigger problems than their Italian counterparts.

"If this non-performing loan problem is worth one, the question of derivatives at other banks, at big banks, is worth one hundred. This is the ratio: one to one hundred," Renzi said.

He was, of course, referring to the tens of trillions of derivatives on Deutsche Bank's books. ...

[diseasex]

Banks are saying that if they'd need pasporting rights they'd estabilish small office in germany and do the work in London.
As of now, not much changed, some might indeed be better off outside of Eu. That doesn't change my mind about brexit though.

[LondonManc]

Deutsche Bank will be going nowhere except down the pan once their shares drop into single figures and they suspend trading.

I believe their debt and leverage is astronomical (although I may be thinking of some other bank).

2016-07-10 Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

Given that they failed the Fed's stress tests, you've probably picked the right bank.

[NotAllThere]

I can see the Euro taking a larger long term hit than Sterling. Once the dust cloud has settled, £ will be better and people will panic that Germany is the only financial powerhouse that can bolster the Euro.

See, you do GAS.

[BrilloPad]

Deutsche Bank will be going nowhere except down the pan once their shares drop into single figures and they suspend trading.

Their debt and leverage is astronomical.

2016-07-10 Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

Trillions of Euros will be pumped into it. Too big to fail.

[LondonManc]

See, you do GAS.

I GAS about earnings here being taken abroad rather than being reinvested in the UK, which is clearly a big problem.

[MrMarkyMark]

Trillions of Euros will be pumped into it. Too big to fail.

This.

[original PM]

Trillions of Euros will be pumped into it. Too big to fail.

And now finally we see where the money was really going....

Looks like this Brexit thing may be shaking quite a few skeletons out of the tree (or something)

[Mordac]

Deutsche Bank will be going nowhere except down the pan once their shares drop into single figures and they suspend trading.

Their debt and leverage is astronomical.

2016-07-10 Deutsche Bank's Chief Economist Calls For €150 Billion Bailout Of European Banks

I'd be quite surprised to learn that Deutsche Bank were HQ'd anywhere other than Frankfurt.

[Mordac]

Banks are saying that if they'd need pasporting rights they'd estabilish small office in germany and do the work in London.
As of now, not much changed, some might indeed be better off outside of Eu. That doesn't change my mind about brexit though.

If they had any sense, they'd go to Luxembourg for the lowest CT. Perhaps Osborne saw that coming which may be why he announced the CT rate cut the other day.