Sent: Monday, November 17, 2014 2:09 PM
Subject: ALERT: World's Largest Derivative Holder...Wobbling!
All
eyes are on Deutsche Bank's $75T Derivative portfolio at the moment as they
just announced they will be "scaling back" their most profitable
nuclear ponzi scheme...Credit Default Swaps!
Deutsche Bank Scales Back Trading in Credit Derivatives
"The
bank is exiting part of the market as trading linked to swaps protecting
against the default of individual companies plunged from as much as $32
trillion before the financial crisis to less than $11 trillion, according to
data from the Bank for International Settlements. Trading in the market, which
was blamed for helping to exacerbate the financial crisis, has become more
expensive as regulators across U.S. and Europe have stepped up scrutiny and
increased balance-sheet requirements making it harder to carry out
trades."
"Earlier this month, the company announced that the
co-head of its fixed-income trading business was stepping down, leaving Richard
Herman to become the sole head of the department, according to the
company."
END
Remember...for
every derivative written there is a counter-party taking the other side of that
bet.
Keep
an eye on this story as it can bring the financial markets to a halt if it
starts spreading to other banks.
My
advice - Stay indoors...and not just for the crappy weather!
May
the Road you choose be the Right Road.
Bix
Weir
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