One of the largest derivatives books in the world (Deutsche Bank) is imploding.
‘The financial world is abuzz with talk of the first Presidential debate.
Meanwhile, one of the largest derivatives books in the world is imploding.
Deutsche Bank (DB) is the 11th largest bank in the world.
And it has over $61 TRILLION (with a “T”) in derivatives on its books.
AND IT HAS LOST NEARLY A QUARTER OF ITS VALUE IN THE LAST THREE WEEKS.’
Credit Suisse (CS) is trading BELOW its 2012 banking crisis lows.
So is Barclays (BCS).
The EU banking system is $46 TRILLION in size. This is THREE TIMES larger than the US banking system, which nearly imploded the markets in 2008.
And the EU as a whole is leveraged at 26 to 1.
Lehman Brothers was leveraged only slightly higher than this at 30 to 1.
A big move could be coming to the markets.
-Gains Pains and Capital