Hursty More hot takes for you MC, you won’t see these on ITV Russia and China (BRICS) expand the use of Yuan/Roubles for trade https://www.business-standard.com/article/international/russia-ready-to-switch-to-yuan-in-foreign-trade-says-vladimir-putin-123032200404_1.html Indonesia to phase out Visa/Mastercard due to US dollar losing dominance https://www.republicworld.com/world-news/rest-of-the-world-news/indonesia-to-pull-the-plug-on-visa-and-mastercard-president-calls-them-a-problem-articleshow.html
Hursty Millsy CDS skyrocketing, share price tanking off the back of it, doesn’t look great Do you reckon they will ride this out?
Millsy Hursty yes. And there’s no way Germany would let it fail so would get propped up regardless I reckon. The current Epstein scandal isn’t doing them any favours, but it’s too big to fail for Germany’s reputation.
Millsy Of course this might be a massive reg by me and they will fail over the weekend. (Safety post…)
alistair Millsy It’s not even in the top 20 industry league tables. Long had a reputation for abject failure. It’s M&A advisory business is a laughing stock
Jules72 Sorry to blow a hole in all the pessimism around DB, but no way is it in as bad a mess as CS was. US commercial real estate exposure is admittedly a weak spot, but it has been profitable for a while now and looks ok on risk metrics…
Jules72 This is well worth a read on DB: https://www.ft.com/content/1bef3178-45f2-4168-ac6a-32604ffe033f
Hursty Reassuring words from Dr Doom https://www.marketwatch.com/amp/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92 So everything is absolutely fine in the banking sector?
