haha love it for BTL landlords to get fucked over, not you personally but some of them are biggest mugs
Nolan Ward
Eu is in massive debt. Any sign of a stagnating or even dying economy will send lenders anywhere else in the world. When our governments can't borrow money anymore and nobody wants their shitty fiat currency, they will either have to cut back on spending or sperg out completely and confiscate all your shit. I'm looking forward to Junker walking around with a huge sac full of tearstained children's toys.
Connor James
jesus, why do you keep posting 10+min long dry videos? summarize, crystallize. Get it down to some talking points.
Parker Mitchell
the eu is the only declining trade bloc in the world.
Adrian Price
How worried are your investors? Word must have gotten around no?
Luis Stewart
Do oldfags ever apply to become investment banking interns?
Jason Myers
Why is DB failing? Is it because the Germans still aren't tolerant enough?
Aiden Williams
Eh. I'm not a landlord. I'm just kinda worried about the prices. don't want to lose money when selling them later on.
To put it straight.
The whole Eurozone is heavily reliant on Germany's credit rating.
They borrow in Germany's credit name.
So if Germany's economy tanks then the poorer EU countries won't be able to borrow even more money than they are supposed to.
Traditionally countries such as Greece with terrible credit ratings shouldn't be allowed to borrow a lot of money.
Greece is in a budget deficit(spending more than what you have) and is borrowing a lot of money.
Think about it as borrowing someones credit card and then he has no more money to pay after 10 swipes. See you're both fucked. None of you have money to pay.
Deutsche Banks holds most if not all the EU debt so it tanking means collapse of the Germany economy.
Jonathan Murphy
where are they exactly? you seem smart you won't have any need to sell unless you are desperate for money
Brayden Rivera
90% of Deutsche banks profits comes from London.
The UK leaving the EU hit DB really hard.
That and also some scandals and other mismanagement and poor financial decisions.
The economy still hasn't truly recovered after 2008 crash and we are still feeling its effects.
Elijah Garcia
Pretty worried actually and I don't blame them since dividends have been cut. Even other IBs just hate working with us
Lincoln Price
Yeah but it's still rich. We are wasting away the wealth we have amassed over 2000 years. We are about to run out. It was nice for 60 years, but now the ride has to end.
Juan Hughes
Never seen an oldfag apply as an intern
They come in all the time for entry level stuff though
Ryder Harris
Entry level stuff? Like what? HR?
Luis Howard
Cumbria where I was born.
Also have some near the Unis in London.
You know I've always wanted a beachfront house near a mountain that way I could enjoy life when I retire soon.
It's not cheap and I don't want to rely on my 401k.
Logan Lopez
And we are going for a hard brexit. No membership for single market too. Germany has run out.
Brayden Cooper
If this bank crashes just how nationalist will our governments become.
On a scale of Sweden to Nazi Germany?
Jayden Rodriguez
Pls gimme a tl;dr
Blake Reed
No HR is for the yuppies
Usually ops. You can pull someone off the street and get them good in ops after a week
Kevin Edwards
So there is no new money coming in, you are sitting on various Eu government debt, on tyrones big house he couldn't pay and now London, your biggest source of income, is about to get nuked by a bitter and spiteful eu elite. Oh boy. Is there any way out of this or is it just inevitable?
Nathan Butler
I doubt Germans have the balls to go out and revolt.
I only see Muslims doing that.
They're doing it already.
We should really stop with this (((Globalist))) economy.
We should bring back our industry.
The service oriented economy is stupid.
I honestly do not know how our economy manages even though we are producing nothing.
We are literally just making money out of thin air.
Fiat currency. Absolutely retarded.
The biggest scam since bottled water.
EU is about to die and just become part of the history books.
Brayden Hughes
I'm not a economyfag and never was, how this will affect a loan in a UK bank and average prices of things in shops?
Mason Myers
The only way out sans the EU or Merkel memeing us out is cutting so much costs (read: layoffs and no bonuses or raises) that no one will want to stay anyways. They're already doing really fucky shit with new hires.
The happening is coming we just need to see how long it's delayed.
Jeremiah Lee
Warhammer 40K
Nolan Wright
Which bank did you get a loan from?
If you got one from HSBC you're fucked.
Jace Hernandez
What about all the arabs they wanted to lend money to - couldn't that be a way to solve it? I remember reading that German banks were allowed (or forced) to lend to the 'refugees'. That way they could delay it as well.
Eli Sullivan
it's Lloyds
Juan Peterson
gives a job lad
Robert Brooks
>Arabs >Paying >Taking loans
Usury is haram to Muslims.
I doubt they would even pay, They'll probably think it's a present from Mutti Merkel.
It will be like 2008 all over again.
Daniel Hughes
What chart are we watching? DB closed for today.
Henry Ortiz
Why are you in such a bad shape?
Elijah Hughes
>90% of Deutsche banks profits comes from London.
20% is from London.
Aiden James
>lending arabs money Lol they keep championing moving away from high risk areas. We've completely left Russia and have been slowly pulling out of South America. I doubt we'll loan them anything
Jackson Reed
Ah good ol Llyods bank. I remember opening my first bank account there when I was a wee lad.
I wouldn't worry too much.
HSBC is tumbling down together with DB.
Just as long as you can pay on time.
Just keep on depositing money that way the bank will think you're actually earning.
What are you skillsets lad?
My sources tell me majority of DB profits comes from London.
Julian Reyes
mainly IT based, Databases/web development so probably something you can already outsource to xi jing, like to make a few bets on shares/sports too but just beer money
Matthew Phillips
2008 and libor scandals cost DB a shit ton of money. Turns out a few negative quarters in a row really scares off investors.
Ryan Howard
You jobless lad?
I know a guy in London not sure if he is hiring atm.
Honestly lots of companies just outsource to Asia bc it's really cheap.
esp IT.
You could always go to Dubai they're always looking someone. Pay is very good esp for Expats.
If you need cash ASAP you can always get a factory job down north.
You'll have to work with Poles though.
Samuel Thompson
Finally at least one of the totally corrupt shitfuck banks is getting its comeuppance. Scandal after scandal after crisis after crisis after bailout. Finally one is getting fucked sideways. FINALLY.
I feel bad for your job because you probably haven't been complicit in the faggotry your employer engages in, but goddamn am I happy one of the most corrupt institutions is getting fucked.
Angel Parker
By 2008 you mean when all the lending to Southern Europe and Ireland didn't pay off, right?
Tbqh, you deserve your fate. I've read nothing but involvement in corruption and manipulation about the Deutsche Bank last years.
Jack Baker
All banks are dirty.
DB and HSBC being one of the dirtiest.
Jeremiah Ward
stuck freelancing money is inconsistent but i get by fine, I live in the midlands.. how did you manage to get where you are today? Wouldn't hurt asking for me but London though :^) It's like Pakistan
Carter Ramirez
Eh no worries. If anything it's neat to see things fall from the inside. And if we go lehman I hope I'll get hired faster out of sympathy.
Christopher Jones
Oh boy it's falling again JUST
Ryder Rivera
>All banks are dirty Be more specific. I don't see anything immoral in banking per se. It's just that DB continued to do business with Russia, deceived people and had to be supported with public money after 2008.
Grayson Reed
Yea that and all the defaulting MBSs
DB definitely deserves it, I'm not a decision maker so I don't take any care what happens to it.
Grayson Turner
Why is Merkel unwilling to help you? I thought she and Josef Ackermann are best buddies and she supported his Southern European expansion.
hard to believe that little piece of metal costs $1350
Oliver Rodriguez
Got an apprenticeship in Engineering. Worked for a few years at a company(forgot the name) then I quit started my own in my town then after a few years sold it and took a job offer from Dubai(turns out they're always looking for white expats because they think non-whites are incompetent) made good money after a few years I moved to Australia then moved here in the Philippines, started my own factory(turns out even 20k GBP was really huge in the Philippines back then).
90s was a good year. Exporting furniture making thousands of pounds each month. Had a around 5 containers.
Bought a lot of cheap land and when the economy went so well 1000 gbp land would become 500k gbp no joke.
turns out Filipinos are pretty stupid when it comes to real estate.
Eli Stewart
I'd think you'd know more about that german friend
Maybe it's some kind of ploy to let it fall and have more government control. Maybe she is wanting to finally punish the corrupt.
I don't know tbqh familia
Ethan Perez
I think it's because Merkel let foreign banks fail again and again, so there's no way she can casually bail out ours.
Grayson Cox
congrats lad , seems things are going downhill here for example near me pubs turning into mosques. Pakistanis buying up all the houses and renting them out to poles. property is hugely overinflated. I might have to look into dubai then any websites you recommend? cheers
Daniel King
How much would it cost to buy all DB shares at current prices?
Brody Stewart
>he still believes the bull memes
Gabriel Myers
Well, last I checked, their total assets are more than $1.5trillion
William Cruz
current market cap of DB is 14.something billion dorrarydoo
Carter Powell
ignore me, just realised you said 'shares'
Nathan Clark
That makes sense. Hopefully other banks learn a lesson from this. Probably not though.
Come on user it's just price x number of shares
Sebastian Scott
>Banks >learning nigger please
James Collins
Italy Greece read this euro is fucked.
Europe is in shit. CHANGE EUROS pounds gold or silver.