http://www.reuters.com/article/us-usa-stocks-weekahead-idUSKCN1202O8
Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice [DOJ] over the sale of mortgage-backed bonds. Deutsche shares traded in the United States hit a record low on Thursday, falling as much as 24 percent since the DOJ asked the bank to pay $14 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis.
But the stock had its best day in five years Friday, on record volume, after news agency AFP reported that Deutsche was nearing a much-lower $5.4 billion settlement with the DOJ. Analysts at Morgan Stanley estimated Deutsche could pay about $6 billion to settle with the DOJ.
(Score: 0) by Anonymous Coward on Monday October 03 2016, @12:00PM
It still has €1.6 trillion ($1.79 trillion; £1.38 trillion) of loans outstanding. Only a small percentage of them need to go bad to wipe out the €60bn it has in capital
So, what you are saying exactly? That all banks are fucked because they gave out loans. That's their business!!!
http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=quarterlyearnings [bankofamerica.com]
$903 BILLION in outstanding loans, not paid on time (note 4)
with $40 billion not paid on time
$160 billion in cash
$2200 BILLION IN TOTAL ASSETS INCLUDING CASH!
https://www.db.com/ir/en/quarterly-results.htm [db.com]
428 BILLION in loans
60 BILLION in cash
1800 BILLION IN TOTAL ASSETS INCLUDING CASH!
So Simon Jack can't read financial statements and you are just parroting his misinformation.