Is It Time To Panic About Deutsche Bank?

• Is It Time To Panic About Deutsche Bank?
  by Tyler Durden, www.zerohedge.com 
  Back in April 2013, we showed for the first time something few were aware of, namely that “At $72.8 Trillion, The Bank With The Biggest Derivative Exposure In The World” was not JPMorgan as some had expected, but Germany’s banking behemoth, Deutsche bank.
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  Some brushed it off, saying one should never look at gross derivative exposure but merely net, to which we had one simple response: net immediately becomes gross when just one counterparty in the collateral chains fails – case in point, the Lehman and AIG failures and the resulting scramble to bailout the entire world which cost trillions in taxpayer funds.
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  We then followed it up one year later with “The Elephant In The Room: Deutsche Bank’s $75 Trillion In DerivativesIs 20 Times Greater Than German GDP.”
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  Then, last June, we asked the most pointed question yet:“Is Deutsche Bank The Next Lehman?” only this time it wasn’t just the bank’s gargantuan balance sheet risk shown below that was dominant… 
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  …. but the fact that it impaired assets had finally started to trickle down through to the income statement, leading to loss after loss, management exit after exit, market rigging settlement after market rigging settlement, and all culminating ten days ago with the bank’s “titanic”,and record, €7 billion loss, surpassing the bank’s troubles even during the depths of the Global Financial Crisis.
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  But while income statement losses can be brushed aside, far more troubling was that even other banks had started paying attention to the bank’s balance sheet. This is what Citi said:
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  read more.

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