Deutche Bank to cut 20K jobs
Over the last couple of months Deutche have been trying to setup a 'bad debt' bank so they can off load poor debts.
This seems to have been fruitless, but more importantly even if it had gone ahead it was a sign that Deutche was on it's last legs.
Now they are announcing 1 in 6 employees will be let go in what seems to be a cost cutting measure, or perhaps it really is the beginning of the end.
The bigger picture seems to indicate that once Deutche goes, then the rest of the banking cartels house of cards will fall soon after.
Time will tell
Deutche is done!
Agreed, just a matter of time. The bigger question is that the first domino to fall?
Signs point to a mass collapse as @meyrep says, the derivatives (basically bad debts onsold & various other scams eg paper-gold) will fall one after another imho.
Nett result is a global market crash, with a massive rise in gold/silver (the money has to go somewhere) and the new kid on the block, BTC which wasn't really an option for parking money back in 2008.
This bank is finished and the only reason why the German government keeps it alive is that they don't know how to cope with the massive derivatives on its ledger.