Does Money Laundering Pay at Deutsche Bank?
I think Deutsche Bank’s revenues show money laundering is a poor business model.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Deutsche Bank (NYSE: DB)
Should Central Banks Adopt Digital Currencies?
The PBOC is in a rush to develop a digital currency because of China’s experience with bitcoin. China is the world’s largest market for bitcoin because the cryptocurrency allows the country’s residents to easily bypass its’ rigid currency controls.
The central bankers apparently hope that issuing their own cryptocurrency will give them some control over the situation. Some control is better than no control which is what they have right now.
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Have Bank Stocks Turned Around?
Another reason why bank revenues are growing is that upper income families are making more money. University of Berkeley Economist Emmanueal Saez reported that the incomes of the richest 1% of US workers increased by 7.7% in 2015, CBS reported.
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Is Deutsche Bank a Disaster or a Great Value Investment?
Despite that a lot of investors are looking at Deutsche Bank because it has some similarities to two of the U.S. monster banks that Warren Buffett likes; Wells Fargo (NYSE: WFC) and Bank of America of (NYSE:BAC).
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