The engine of European economic development, Germany, is set for a contraction, Deutsche Bank CEO Christian Sewing warned this week, as cited by CNBC. According to the media outlet, Sewing said in a speech at the Handelsblatt Banking Summit in Frankfurt that the war in Ukraine “destroyed a number of certainties” …
Read More »Deutsche Bank urges hold-off on new anti-Russian sanctions
Deutsche Bank CEO Christian Sewing has urged European authorities to take their time when it comes to escalating sanctions against Russia over the military standoff in Ukraine, saying that the measures may have negative impact on the bloc as well. “We should first let the announced sanctions take effect,” Sewing …
Read More »BBC, Deutsche Welle, and other websites restricted in Russia
Russian media regulator Roskomnadzor limited access to Radio Svoboda (Radio Liberty) and blocked the Meduza news outlet website on Friday morning, its registry of restricted internet resources shows. Both had been designated “foreign agents.” Access to the websites of the German newspaper Deutsche Welle and BBC has also been restricted. …
Read More »Sitting on ‘TIME BOMB’: Deutsche Bank issues grim post-pandemic warning for US economy
Germany’s largest lender warned that the unprecedented levels of cash being injected into the economy while inflation fears are being dismissed will lead to excruciating economic pain if not in the near term then in 2023 and beyond. The report points to the US’ “breath-taking” monetary stimulus that is reportedly …
Read More »Deutsche Bank quietly moves to bring crypto into play after producing numerous reports bashing its bubble nature
According to December’s report from the World Economic Forum, Germany’s biggest bank has already created a Deutsche Bank Digital Asset Custody prototype. The model is reportedly aimed at developing “a fully integrated custody platform for institutional clients and their digital assets, providing seamless connectivity to the broader cryptocurrency ecosystem.” The …
Read More »Working from home? You need to be TAXED for the privilege, Deutsche Bank proposes
“For years we have needed a tax on remote workers – [Covid-19] has just made it obvious,” wrote Luke Templeman, a London-based ‘Macro Strategist’ for Deutsche Bank, in the November 2020 issue of the bank’s research publication Konzept. Templeman’s argument is that people working from home save on lunch, commuting …
Read More »Say goodbye to globalization as ‘The Age of Disorder’ is coming – Deutsche Bank
One of the key characteristics of the new era will be the reversal of unfettered globalization, a team of analysts led by strategist Jim Reid predicted. While we saw “the best combined asset price growth of any era in history, with equity and bond returns very strong across the board” …
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