Posts tagged "sovereign debt"
Graham Fisher analyst skewers German politicians and banks; says “Deutsche Bank is now almost 50% more leveraged than Lehman was when it failed.”

Graham Fisher analyst skewers German politicians and banks; says “Deutsche Bank is now almost 50% more leveraged than Lehman was when it failed.”

  Recently, Joshua Rosner, Managing Director of Graham Fisher & Co., authored a report on the implications of the Eurocrisis for Germany.  The report, Eurozone Crisis: No More Safe Havens, is full of insights and sharp criticisms of German regulators and political leaders and is getting attention in the blogosphere and on Bloomberg news for its suggestion that rising German anger over the crisis is misdirected. {read more}
12 Questions for Deutsche Bank in 2012

12 Questions for Deutsche Bank in 2012

On February 2, 2012, Deutsche Bank CEO Josef Ackermann will discuss the bank’s preliminary results for FY 2011. Ackermann will leave the bank in 2012—a year in which the World Bank projects a recession in the EU, an anemic recovery in the US, and reduced growth in emerging markets.  Against the backdrop of a projected global economic slowdown, and in preparation for Dr. Ackermann’s comments, we have posed 12 questions that may continue to haunt Deutsche Bank in 2012. {read more}
Deutsche Bank in Tangled PIIGS CDS Web

Deutsche Bank in Tangled PIIGS CDS Web

According to the Wall Street Journal, Deutsche Bank is at the center of a “tangled web” of sovereign Credit Default Swaps (CDSs) in Europe.  New data from the European Banking Authority (EBA) indicates that European banks have bought and sold €178 and €169 billion in sovereign CDS, respectively. {read more}
Deutsche’s “sky-high” leverage ratio, PIIGS exposure and US regulatory uncertainty

Deutsche’s “sky-high” leverage ratio, PIIGS exposure and US regulatory uncertainty

Earlier this year, Morningstar analysts commented that “Even by its own measures, which strip out accounting differences between the U.S. and Europe, Deutsche Bank is leveraged about 23/1, compared with about 15/1 at U.S. investment banks.” {read more}