Krise spitzt sich zu: Deutsche Bank fällt auf neues Rekordtief

Der Aktienkurs der Deutschen Bank bricht auf neue Tiefstände ein. Währenddessen steigen die CDS-Preise weiter an und belasten jetzt auch direkt den deutschen Kreditmarkt..

Quelle: zerohedge.com

Quelle: zerohedge.com

Quelle: zerohedge.com

Banken: Kreditausfallversicherungen steigen wieder deutlich an, Deutsche Bank im Fokus

Die CDS-Preise von einigen führenden Banken ziehen in den letzten Tagen erneut erheblich an. Einmal mehr steht die Deutsche Bank im Fokus, bei der sich neue Kapitalsorgen abzeichnen..

Quelle: bloomberg.com

Quote:

Deutsche Bank: Kapitalsorgen nehmen weiter zu, Wahrscheinlichkeit einer neuen Kapitalerhöhung wächst

Der Krisenmodus bei der angeschlagenen Deutsche Bank (DB) setzt sich ungebrochen fort..

Link: http://rohstoffaktien.blogspot.de/2016/09/deutsche-bank-kapitalsorgen-nehmen.html

Deutsche Bank unter Druck: Preise von Kreditausfall-Versicherungen (CDS) stagnieren auf hohem Niveau

Spannende Übersicht, welche den Verlauf der CDS-Preise einiger führender Banken aufzeigt. Die CDS-Preise der Deutschen Bank steigen in 2016 auf ein Mehrjahreshoch..

Quelle: bloomberg.com

Europa: Kredit-Risiken der Banken steigen explosionsartig an

Werfen Sie einen Blick auf einen vielsagenden Chart:

Quelle: bloomberg.com

Deutsche Bank bricht um über 10% auf neues 7-Jahrestief ein

Die Aktie der Deutschen Bank (DE:DBK) steht nur noch wenige Cents über dem Allzeittief..

Quelle: zerohedge.com

Europäische Banken: Kredit-Risiken steigen auf 3-Jahreshoch

Nach dem Crash bei der Deutschen Bank und der UBS explodieren die CDS von sämtlichen Banken in Europa..

Quelle: zerohedge.com

Quelle: zerohedge.com

Nyrstar: Europas größter Zinkproduzent vor Default

Das nächste Opfer im historischen Bärenmarkt in der Rohstoffbranche - credit to Zerohedge:

CEO Of Europe's Largest Zinc Producer Hints At Default: Bonds Hit Record Lows, Stock Plunges Most Ever

Submitted by Tyler Durden on 10/22/2015 12:19 -0400

• Australia
 
• Belgium
 
• Bond
 
• CDS
 
• China
 
• default
 
• Glencore
 
• None
 
• SWIFT
 
• Zurich

It had been a while since we had any major news involving the ongoing devastation in the global mining sector courtesy of China, where as we previously reported more than half of the local commodity companies can't cover their interest expense and are thus caught in a deflationary race to the bottom even as the government has no choice but to bail them all out.

Indeed, complacency seemed ready to set back in, with Glencore stock recently rising as high as its recent equity offering price of 125p. And then today we noticed that not only is Glencore's CDS back above 700 bps, the widest it has been in three weeks, but that another mining company has fallen into the market's crosshairs, this time Belgium-based (with Zurich HQ) Nyrstar NV, Europe's largest refined-zinc producer, whose stock crashed the most since its initial public offering in 2007, while it bonds tumbled to a yield of 19%, suggesting a default may be imminent..

Link: http://www.zerohedge.com/news/2015-10-22/ceo-europes-largest-zinc-producer-hints-default-bonds-hit-record-lows-stock-plunges-

Quelle: http://www.zerohedge.com/news/2015-10-22/ceo-europes-largest-zinc-producer-hints-default-bonds-hit-record-lows-stock-plunges-

Mining and commodity giants: Evolution of Credit Default Swaps (CDS)

Spektakulärer und sehr brisanter Chart - credit to Bloomberg:

Quellen: bloomberg.com, zerohedge.com

Glencore im freien Fall: Führt Goldman Sachs erneut ein Opfer auf die Schlachtbank?

Glencore's (LSE:GLEN) letzte Mammut-Aktionen scheinen den Markt bis dato nicht wirklich zu überzeugen.

Der brutale Aktienverfall (inkl. CDS blowout siehe unten) beim größten Rohstoffhändler der Welt spiegelt bereits klare Insolvenzrisiken wider.

Seit geraumer Zeit kommen im Hinblick auf Glencore's extremen Leverage und die fragile Bilanz- und Finanzlage (inkl. Kredit-Ratings) alte Geschichten und neue Gerüchte auf. Jetzt ist auch die allmächtige Finanzkrake Goldman Sachs in der schäumenden Gerüchteküche wieder ganz vorne mit dabei..

Is Goldman Preparing To Sacrifice The Next "Lehman"

Submitted by Tyler Durden on 09/24/2015 15:54 -0400

• AIG
 
• Ben Bernanke
 
• Ben Bernanke
 
• CDS
 
• Central Banks
 
• China
 
• Citigroup
 
• Copper
 
• Counterparties
 
• Credit Default Swaps
 
• default
 
• Excess Reserves
 
• goldman sachs
 
• Goldman Sachs
 
• Hank Paulson
 
• Hank Paulson
• Investment Grade
 
• Lehman
 
• Lehman Brothers
 
• None
 
• Rating Agencies
 
• ratings
 
• Reality
 
• Recession
• Volatility

One of the more "unmentionable" conspiracy theories surrounding the demise of Lehman Brothers in 2008 is that this "shocking" event was in fact a well-choreographed and carefully scripted "controlled demolition", with the Lehman Bankruptcy - the event that officially unleashed the Great Financial Crisis - getting the express prior permission of both Ben Bernanke and Hank Paulson, a former Goldman employee, whose motive was the elimination of the one firm that was then Goldman's biggest competitor in the FICC space, and whose subsequent bailout of his former employer (Goldman Sachs and all other insolvent banks) would lead to the preservation of trillions in worthless equity courtesy of the biggest taxpayer funded bailout in history, and with billions in excess reserves parked on Goldman's balance sheet smoothing the bank's transition through a historic recession.

Fast forward to this week when as we reported previously, following a surge in its Credit Default Swaps, the "doomsday" scenario for Glencore is now on the table, because the market suddenly realized that Glencore's most valuable asset, not its mines, or its trading operations, but its investment grade rating, could be stripped away.

This is what we said, after we noted that GLEN CDS had just hit a multi-year wide of 464bps (precisely as we said it would over a year ago):

We expect this CDS blowout to continue.

What's worse, if the company is downgraded from investment grade to junk, watch as the "commodity Lehman" scenario for Glencore, which much more than a simple copper miner just happens to be one of the world's biggest commodity trading desks, comes full cricle leading to waterfall collateral liquidations and counterparty freeze-outs as suddenly the world is reminded that there is a vast difference between a real and a rehypothecated commodity, and that all collateral rehypothecation chains are only as strong as the weakest counterparty!

Long story short: If and when Glencore loses its Investment Grade rating, it's more or less game over, if not for the company's already mothballed mining operation then certainly for its trading group, where "junking" would lead to numerous collateral shortfalls and margin call waterfalls, reminiscent of the ratings agency downgrade of AIG that culminated with the US bailout of the insurer.

Therefore we were not surprised earlier today to see Glencore stock crash to a new record low below 100p even as the CDS blow out continued..

Link: http://www.zerohedge.com/news/2015-09-24/goldman-preparing-sacrifice-next-lehman

Quelle: http://www.zerohedge.com/news/2015-09-24/goldman-preparing-sacrifice-next-lehman