CIBC FirstCaribbean International Bank – Client Questionnaire

[ernestdezoe]

maxmmm said:
or just think for yourself how is it that Deutsche Bank, one of the biggest banks in the world, keeps losing billions of euros every year.
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Sure..how is JPMorgan doing? UBS? Wells Fargo? Citi?

Sub zero interest rates of course hit banks, they are not allowed to take risks after the financial crisis so one of their main sources of income which is government bonds pays zero

Deutsche is exposed to German bonds which pay sub-zero, that's the reason why they are struggling

Do you even know how banking works besides it being the place where you park your money as an alternative to the mattress?

banks hold long term assets (loans) financed by short term liabilities (deposits)

 

[Martin Everson]

Ok can we get back to main topic. We strayed too far from OP post. Thx. @ernestdezoe If you want to ramble please start a new thread on that subject thx.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[sergeylim88]

did original poster opened the bank account in the end?