Tag Archives: Brexit

by | June 27, 2016 · 1:45 pm

Banks on both side of the Atlantic faces repercussions of Britons Brexit descision

Deutsche Bank AG (USA) peaked at $160 in May 2007. Since then, the stock has been falling down, down, down and down. Deutsche Bank is trading at $14,72 on Monday before the open, and the stock will plunge about 7% from start on Monday.

Deutsche Bank AG is a global investment bank, but as many similar European banks, they face a lot of challenges at the moment. The big challenge is not only low-interest rate, tougher regulation and changed consumer behavior. Now, they have a new life in the post-Brexit era.

 

Europe

 

This is not only a challenge for European banks as the industry on both sides of the Atlantic faces repercussions of Britons decision to leave the European Union. Deutsche Bank`s Chief Executive John Cryan said that he and his bank is well prepared for the post-Brexit era.

The bank faced a crisis as investors started to be sceptical about their contingent convertible (CoCo) bonds. Deutsche Bank decided to offer to buyback these bonds and told investors to calm down as they have liquidity to pay these bonds in the future.

Their cash equivalents were €22 billion in 1QFY15, and one year later they had a whopping €113 billion, which means that Deutsche Bank have cash enough to make new investments in the post-Brexit era.

Last year, they announced they will be cutting about 9,000 staff positions from global operations, were 4,000 are located in Germany. 2,500 cuts will be in its retail unit.

Deutsche Bank had enough capital to clear the Feds hypothetical downturn in 2015, but they didnt convince the Fed to approve the unit`s capital plan. Last year they had a lack of abilities in risk identification, revenue projections, and imposing proper internal controls.

The plunge in bank stocks continue in Europe on Monday. Barclays is down about 20% on Monday (12:45 UK time). They are all taking another serious beating post-Brexit, and the sector is getting battered on fears that fragile recoveries at many financial institutions will be delayed.

Italian banks are down 28% in two days. Are Italy considering a €40 billion capital infusion into its banks?

 

asphalt

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | June 24, 2016 · 11:19 am

Britain OUT of the European Union

The day today is historic. The British people voted for a BREXIT! The pound plummeted and Prime minister David Cameron resigns. The British people backed “Brexit” and leave by 52%.

What a day!

The pound plummeted 7 percent  on its worst day on record. Thats nearly twice as much as the big drop on 1992s Black Wednesday when the currency dropped 4,1 percent.

 

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But what`s wrong with a weaker pound? A lower pound will help the British exporters which means exporters will be more competitive and sell more not only to european countries but to the rest of the world.

On the other side, prices can start to increase and it will be more expensive for the British people, and that will be a challenge for BOE`s inflation target.

Britain is still in Europe and will always be, but Brexit means they are out of the European Union system. That`s something different.

Prime Minister David Cameron will step down in October, and what the new Prime Minister must do is to negotiate with EU and other european countries and cooperate in EEA (European Free Trade Assosiation).

They are still a country in Europe but what they want is their own sovereignty and more control over their own currency.

Just take a look at Greece. After joining EU they have been in a very difficult situation, and they can’t print their own currency because of the Euro, so only that is making it difficult for them.

This is still early on stage one but you can already see that the pound have turned up again, and that`s how it will be. The turmoil will continue.

I think that BOE have a lot of things to do right now. They will do everything they can to keep the market in balance. This will also spread to the FED and ECB.

For all I know BOE have already added liquidity to the markets and Draghi and ECB will probably follow.

June 23 will be our independence day, Farage said.

JUNE 23, 2016, WILL NEVER BE FORGOTTEN!

 

BRIT

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

 

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by | June 6, 2016 · 11:57 pm

BREXIT: THE MOVIE is a film to inspire as many people as possible to vote to leave the EU

Britain is divided into two. One part wants to stay in the European Union, while the other part wants to leave. The online poll for ITV`s Good Morning Britain revealed a new situation in Britain, which is «leave» voters at «only» 45 percent and «Remain» at 41 percent, with 11 percent undecided.

This is a serious situation, not only for Britain, but for the rest of the European Union, and Prime Minister David Cameron have many times been warning about the economic consequences of a pullout from the EU.

On the other side, Boris Johnson are a warning of a 2,4 billion pound bill from the EU if Britain stay in the bloc. «Remain» campaigners are focusing on the economic dangers of a Brexit, and «Leave» campaigners are focusing on uncontrolled immigration. Is it so simple?

Take a closer look at the film BREXIT: THE MOVIE below, which is a documentary film to inspire as many people as possible to vote to leave the EU in the June 23rd referendum.

 

 

The presenter in the film, Martin Durkin makes the statement: «The Sage Arts Centre at Gateshead, were often reminded, was built with the help of EU money. But what youre not told is that if you live in the Northeast, for every pound that comes from the EU… you have to pay two pounds thirty in tax».

The referendum is very important and it`s all up to the people in Britain. So what do you do? Do you support David Cameron or Boris Johnson? Make up your mind, because your vote is extremely important.

Referendum: June 23rd, 2016.

 

asphalt

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | May 11, 2016 · 12:36 pm

“Brexit” could trigger World War III, Prime Minister David Cameron said

Europe can be on a brink of a new war. Again! Wow, it`s been a long time since the last big war in Europe. Is time for a new one? We have many «triggers» out there, and it seems like everything blows up to a perfect storm.

Prime Minister David Cameron said that peace in Europe can be threatened if people in Britain votes to leave the European Union. David Cameron arguing that EU is a peace project and UK has regretted «turning its back» on Europe in the past.

David Cameron wants to stay in the European Union and many people agree with him. But not all of them. Boris Johnson are on the opposite side. He sparked criticism when he suggested the conflict in Ukraine was an example of «EU foreign policy-making on the hoof».

 

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Former Swedish prime minister Carl Bildt branded him an !apologist for Putin». Boris Johnson said the comments were «absolutely contemptible» and called for and apology. He repeatedly condemned Russia`s actions in Ukraine.

Earlier this week, NATO members warned about a «Brexit». In an open letter to Daily Telegraph, they said it would be «very troubling» if the UK jumps out ot the European Union membership. Camerons warning was bolstered by five former secretary generals of the Wests military alliance Nato. Lord Peter Carrington, Javier Solana, Lord George Robertson, Jaap De Hoop Scheffer and Anders Fogh Rasmussen bolstered Cameron`s warning.

David Cameron said in a speech earlier this week that Britain must stay in the EU to help prevent the Continent being ripped apart by another conflict. He also said that «Brexit» could trigger World War III, also claiming that the government doesn`t have any plans for a «Brexit».

Wow, who wants to go for a «Brexit» on the June 23 referendum?

Mr. Cameron also said: «Can we be so sure peace and stability on our continent are assured beyond any shadow of doubt? Is that a risk worth taking? «I never be so rash to make that assumption.»

A few hours later, Mr Cameron was attacked by Boris Johnson, who said: «People should think very hard before they make these kinds of warnings».

Just look at the history, and what Cameron referred to in Britains role in «pivotal moments in European history: Blenheim, Trafalgar, Waterloo, our countrys heroism in the Great War and, most of all, our long stand in 1940.

Cameron also said: «What happens in our neighbourhood matter to Britain. That was true in 1914, 1940, 1989…and it is true in 2016.»

Mr Cameron also recalled how Winston Churchill «argued passionately for Western Europe to come together, to promote free trade and build institutions which would endure so our continent would never again see such bloodshed».

A YouGov poll for Good Morning Britain found 42% of voters back In and 40% Out.

 

skjold5

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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