By: R. Christopher Whalen of the Institutional Risk Analyst
Chris Whalen has an interesting look at the trust and custodian activities at Deutsche Bank that handle RMBS and CMBS. Add in US Govt’s discussions about privatizing GSE and you’ve got hidden potential problems. Meanwhile, enjoy your holiday week as this can wait, stealthily, in the background.
"News last week that the leadership of Deutsche Bank AG (DB) is planning to cut one out of six jobs at the bank, this in an effort to regain financial health, drew some positive attention from investors last week. The stock closed up 7% while the SPX was essentially flat for the week."