Finance Anon Needed

Could you translate the gist if this article into English for dummies, please?

https://www.zerohedge.com/news/2019-07-07/deutsche-bank-you-know-it-no-more-db-exits-global-equities-84-billion-overhaul

>>8094404

Finance Anon Needed

Could someone briefly explain

>>8094434

and

>>8094404

in layman's terms

>>8094498

THANK YOU!

>>8094513

Investment Banking is risky and seemingly unregulated – yes? Their failures (corruption, etc) lead to the bail out under Obama?

DB was overextended? They need to raise cash?

I'm sorry for the remedial math, but I'm NOT well-versed in this area.

>>8094590

>how much banks must have in reserves to cover operations and loans

k, large banks 10% of deposits

>>8094630

Ok, so, Banks are allowed to use accounting voodoo to partition toxic assets and appear "healthy" on paper. Regulators, who understand this is merely a trick, are in on the fraud.

DB is (somehow) allowed to create wealth out of thin air via derivatives. On paper, they create the illusion of health, but in reality, are worth nothing.

Am I getting it? I apologize for being slow. This appears to be unsustainable, however, ppl involved are (or were) getting very rich. How?

>>8094509

DB is the main bank of Germany?

>>8094781

poor, very poor

>>8094815

Ok, this is really helpful. I watched the documentary about Enron years ago and kind of "got" the slipperiness of accounting, but it's NOT my area so it doesn't stick in my head.

I know there needs to be an overhaul and enforced regulations, but the system is obtuse to me, so I struggle!

>>8094890

>Biggest seller of such derivs to DbK? JPM.

of course

(head smack)

>>8094925

This shit is fucked. Prisons should be filled with starched white collars.