You are here
Some Deutsche Bank clients reduce collateral on trades
By William Canny
Bloomberg News
Thursday, September 29, 2016
Amid mounting concern about Deutsche Bank's ability to withstand pending legal penalties, about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure. The shares slumped.
The funds, which use the bank's prime brokerage service, have moved part of their listed derivatives holdings to other firms this week, according to an internal bank document seen by Bloomberg News. Among them are Izzy Englander's $34 billion Millennium Partners, Chris Rokos' $4 billion Rokos Capital Management, and the $14 billion Capula Investment Management, said a person familiar with the situation who declined to be identified talking about confidential client matters.
Deutsche Bank's New York-listed shares fell as much as 9.1 percent today to a record low, and traded 6.8 percent down at $11.46 by 2:45 p.m. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-09-29/some-deutsche-bank-cli...
NewCastle Gold's New CEO, Gerald Panneton, Hits the Ground Running
By Tommy Humphreys
CEO.ca
Tuesday, September 6, 2016
Mining entrepreneur Gerald Panneton took a few years off after building one of Canada's largest gold miners, Detour Gold. He raced performance cars in his down time, and conducted due diligence on various mining assets to potentially back.
This summer, the geologist set his sights on NewCastle Gold (TSXV:NCA), owner of a past-producing gold mine in California with similarities to Detour Gold in its early days. ...
... For the remainder of the report:
https://ceo.ca/@tommy/new-newcastle-gold-ceo-gerald-panneton-hits-the-gr...
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
Hilton New Orleans Riverside
New Orleans, Louisiana
http://neworleansconference.com/wp-content/uploads/2016/08/2016_Powell.html
Help GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
