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Deutsche Bank To Conduct Mass Downsizing – What You Should Do Now While Predicting the Future Condition of the Economy in Ten Years –
According to the article, Deutsche Bank
will cut 35,000 jobs and scrap its dividend payment to investors, about which
rumors abounded. Usually, this incident must cause a big fuss and the media
should naturally secure sufficient time for broadcasting it and possible global
economy. However, they will turn a blind eye to it as usual.
I don’t know exactly when financial crisis
will explode. However, such contradiction cannot last for all time.
Japan’s economy cannot continue like this.
I advise you to contemplate what you should do now while predicting the future
condition of the economy in ten years.
November2,
2015
Masatoshi
Takeshita
Excerpt from a Japanese article: Trendof Japan, World and Universe – November 2, 1015 –
Deutsche Bank To Conduct
Mass Downsizing
Source:
Germany’s
biggest lender, Deutsche Bank, has announced that it will cut 35,000 jobs
through redundancies and the sale of businesses.
The
Deutsche Bank says it plans to slash 9,000 full-time jobs and 6,000 contractor positions.
It will also sell operations with 20,000 more workers and close local
operations in 10 smaller countries.
By 2018, the cuts and disposals are to shrink the bank’s workforce from
around 103,000 to 77,000.
The
announcement came as the German lender reported a $6.6
billion quarterly net loss.
On
Wednesday, the bank said it would scrap its dividend
payment to investors for 2015 and 2016. Earlier this month, Deutsche
Bank said it was planning to split its investment bank into two divisions.
The
strategy reboot, called Strategy 2020 by Deutsche Bank, is the latest move by
the lender this year to turn around its fortunes. Shareholders have complained
the bank is too complicated and not profitable enough.
———-
English
translation of an excerpt from a Japanese article: NEVADA Blog – October
30, 2015 –
Simmering Financial Crisis: First Non-payment of
Dividends and Personnel Downsizing
Deutsche
Bank has sunk into exorbitant
derivative hell with a total of 35,000 jobs cut and
non-payment of dividends. The bank has experienced non-payment of
dividends for the first time since its foundation in 1952.
Additionally, the bank has made
announcement of more than 5 billion yen of asset sales. It has come to
the surface that the bank is rushing around by all mean
to secure liquidity on hand.
Although true
management crisis of Deutsche bank has not come to the surface, falling into
non-payment of dividends and asset sales clearly show it. The first financial meltdown exceeding the Lehman Brothers
bankruptcy may be experienced by this Deutsche Bank.
Management crisis
of Switzerland major resource companies is lurking and Europe
is just like holding a number of time bombs. It is no wonder that Britain and German Chancellor Merkel would think of managing
to go out of hot water by currying favor with China.
If
financial meltdown which is rumored to take place in Europe exploded, Europe
would be driven into a destructive situation.
They tried to
camouflage the fact by monetary easing, but cannot hide it now. It appears that
further monetary easing will be carried out. I wonder if it will produce any
effect.
A day might come
soon when the European Central Bank will become a fireball.
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