Industry Report: Deutsche Bank Bailout Unlikely
Deutsche Bank isn’t likely to receive a bailout, UnoCoin sets a new funding record, and Velocity invites you to try “simple” smart contracts. Want to catch up on your latest tech and digital currency news? Read the stories below. DEUTSCHE BANK. Deutsche Bank is on the edge of financial crisis. Currently facing a $14 billion USD fine from the U.S. Department of Justice, German legislators have stated they are not likely to aid of any major banks should they go under. Germany is attempting to avoid the same financial mistakes made in 2008 when, following an economic meltdown, major players....
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According to chief economist of Deutsche Bank, European banks urgently need a $166 billion bailout. David Folkerts-Landau, Deutsche-Bank AG’s chief economist, says EU banks desperately need significant recapitalization efforts, Italian banks in particular. “Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident. I’m no doomsday prophet, I am a realist.” Of particular concern are Italian banks, whose estimated €360 billion in bad loans could cause a bank failure and ripple effect, affecting the rest of the EU. While....
A newly published Deutsche Bank report called “Powering the flow of global capital” goes into great detail about the blockchain phenomenon. Researchers from the bank surveyed a variety of participants who believe blockchain technology is estimated to hit critical mass within six years. Deutsche Bank Survey Shows High Hopes for Blockchain Industry.....
To put this into numbers people can understand, Deutsche Bank’s market leverage ratio is 96%. This makes them one of the world’s riskiest banks to deal with. Things continue to evolve in the wrong direction for Deutsche Bank in recent months. After being hit with large files several times in a row, there have been questions regarding the liquidity of this bank. Moody’s has issued a new warning about Deutsche Bank, stating how the institution is getting near its “default point.” That may be the last thing investors of the bank want to hear right now. To put the news into perspective,....
Central bank digital currencies have the potential to challenge the primacy of the U.S. dollar, according to a new report from Germany's Deutsche Bank.
Deutsche Bank sees The DAO incident as a timely reminder of the importance of testing products before they are unleashed. In 2014 Deutsche Bank launched a series of innovation labs in collaboration with IBM, Microsoft and the Indian outsourcing company HCL. The aim was to improve the bank’s digital banking services. Deutsche Bank’s Blockchain project is now out of the ‘proof of concept’ stage. Deutsche Bank’s labs are based in Berlin, London and Palo Alto. Their Palo Alto lab’s aim is to evaluate emerging technologies from Silicon Valley and apply them to enhance their products. The three....