Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
spacehopper
on 30/06/2016, 19:12:41 UTC
http://www.zerohedge.com/news/2016-06-30/worlds-most-systemically-dangerous-bank-crashes-back-record-lows

Confidence in Deutsche Bank evaporating ... if this sucker goes the way of Lehman Bros the Euro will be a smoking hole of Smaug.

There's stories about it all over the internet now. The financial times says it lost €6.8bn last year. This is why Satoshi invented bitcoin, if Deutsche Bank goes bankrupt more people will start storing their money in bitcoin rather than trust a bank. The price rise will be higher than we expected.



Deutsche Bank May Be Top Contributor to Systemic Risk, IMF Says



Deutsche Bank hit by IMF hazard warning


Quote
The bank is battling to settle a number of regulatory probes — including into its mortgage-backed securities business and its Russian operations — and is also in the midst of a 5-year restructuring effort aimed at boosting capital and profits. Last year it suffered a €6.8bn net loss.