tyb.. no doc this morning per convos last night asked for that to be passed on to you-not that it changes wut you do.
-the messenger
gb
tyb.. no doc this morning per convos last night asked for that to be passed on to you-not that it changes wut you do.
-the messenger
gb
Deutsche Bank shares soar after new shareholder steps in
Deutsche Bank (DBKGn.DE) on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany’s largest bank which has been hit by losses and misconduct scandals. Deutsche Bank shares rose as much as 9.4% to their highest level in 15 months and marking their biggest intraday jump in almost four years. They were the top performers in the Frankfurt's benchmark DAX index .GDAXI.
“We are happy for any shareholders, especially those with the track record and credibility of Capital,” Deutsche Bank said in a statement.
Capital Group in London declined to comment.
The scandals and more recently an aborted merger with rival Commerzbank (CBKG.DE) mean Deutsche Bank is still in recovery mode more than a decade on from the global financial crisis. Last week, Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) for last year, its fifth consecutive loss, as the cost of its latest turnaround attempt hit earnings.
After Capital Group’s investment, Deutsche Bank’s largest shareholder remains the Qatari royal family, with a combined share of at least 6.1%, the bank’s website showed. That is followed by BlackRock with 4.49%, and Hudson Executive Capital with 3.14%.
Capital Group previously owned a stake in Deutsche a couple of years ago but then sold, according to a person with knowledge of the matter.
Capital decided to go in again at the end of last year, the person said, speaking on condition of anonymity.
Deutsche Bank’s shares fell to record lows last year but are so far up 30% this year.
https://www.reuters.com/article/us-deutsche-bank-investor/deutsche-bank-shares-soar-after-new-shareholder-steps-in-idUSKBN2000V0
kek
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quads confirm however it's not just LLC's it's all of them. Every major public co has some sort of registration in delaware.
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Another Massively Oversubscribed Term Repo Confirms Persisting Liquidity Woes
Two days after dealers unexpectedly flooded the first reduced term-repo (from $35BN previously to $30BN) offered by the Fed, the liquidity shortage in the repo market - which was supposed to be temporary and few if any strategists said would continue beyond year-end - persists, and today the Fed announced that in its latest 2-week term repo (maturing Feb 20), it was $57.25BN in submissions ($35.75BN in TSYs, $21.5BN in MBS) for a maximum $30BN in available reserves. This means that for the second time in three days, the term repo operation saw a massive oversubscription, which at 1.9x was the 4th highest ever since the Fed restarted term-repos in late September, and just shy of the 2.0x submitted-to-accepted ratio recorded on Monday. As we concluded on Monday, "the massive demand for term repo today means that the liquidity crisis that continues to percolate just below the surface of the market and has clogged up the critical plumbing within the US financial system, is getting worse, not better, and today's massive oversubscription indicates that one or more entities continues to face a dire shortage of reserves, i.e., cash."
We hope that eventually someone at the Fed will address this ongoing issue which was supposed to be resolved over a month ago.
https://www.zerohedge.com/markets/another-massively-oversubscribed-term-repo-confirms-persisting-liquidity-woes
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