+++ P.O. V.I. (BBG) Germany Opposes Shared Risk in Deposit Insurance, Ministry Says

P.O.

Please see also:

P.O. (FT) Deutsche Bank is still stuck in the middle of global finance (June 8, 2015) 

and

++++ M.P.O. (BBG) UniCredit Plans to Shrink Workforce by About 18, 200 by 2018
(November 12, 2015)

and

P.O. (BBG) Deutsche Bank Said Planning 1,000 London Job Cuts: Sunday Times (November 23, 2015)

Ah…

So Germany is scrapping the system they forced on all the other States…

And why would that be…?

I will give you a hint…

…Deutsche Bank…

In Bloomberg, referring the Sunday Times of yesterday:

 

«Deutsche Bank Said Planning 1,000 London Job Cuts: Sunday Times

Deutsche Bank AG plans to cut 1,000 jobs in London next year, The Sunday Times reports, citing people it didn’t identify.

The cuts are part of an overhaul announced Oct. 29, the newspaper said. The bank plans to shrink its workforce by 9,000 people by 2018 and eliminate some 17,000 other positions by measures including closing operations around the world. Co-Chief Executive Officer John Cryan’s strategy includes shrinking the investment bank, which has a large presence in London.

A company spokesman declined to comment on the report when contacted by Bloomberg News.»

Got it …?

Francisco (Abouaf) de Curiel Marques Pereira

(BBG) Germany sees “unanswered questions” about the legal basis for European Union’s deposit-insurance system, Finance Ministry spokesman Martin Jaeger says.

* Goal “can’t be” to redistribute or share risks
* Finance ministers may well have “controversial” talks
* Jaeger comments at regular govt news briefing in Berlin
* NOTE: EU Will Present Deposit Guarantee Plan Nov. 24,
Juncker Says