Risk gauge from NYU's Stern School Of Business - SYSTEMIC RISK ANALYSIS OF WORLD FINANCIALS ( US$1,197,485 million.)
Talks between Deutsche Bank, DOJ continue but details in flux; no deal yet presented to senior decision makers on either side - Dow Jones
Reuters & Handelsblatt report - DB suffers third recent IT outage "that prevented some customers getting access to their money."
As previously mentioned , no agreed settlement between DB & DoJ - German political commentary critical of proceedings underlines that fact.
Not necessarily true that DB settlement talks haven't begun-they could at point decision-makers are involved. But certainly Friday "settlement near" news seems premature.
German economy minister worried about DB employees
http://mobile.reuters.com/article/idUSB4N1A100I … " I did not know if I should laugh or cry that the bank that made speculation a business model is now saying ..."
Bloomberg - Deutsche Bank Set to Clear Hurdle for About 1,000 Job Cuts
Deutsche Bank races against time to reach US settlement. http://reut.rs/2dn2DZm
“They have their hand caught in every single cookie jar. I think the market is seeing a wounded lion and will soon prey on it."-Marco Elser
Just means there will be a need for more twitter rumor settlements , the next time DB swoons below 10 euros a share...
It’s not just Deutsche. European banking is utterly broken. http://www.telegraph.co.uk/business/2016/10/01/its-not-just-deutsche-european-banking-is-utterly-broken/ …
Twitter being more valuable that DB , gives perspective on how far DB has fallen..
EDITORIAL—After another shocking day of PSOE self destruction on Saturday, Rajoy could now move to finish it off.
Pedro Sánchez's Resignation Statement: 10 Key Phrases https://www.thespainreport.com/articles/932-161001233033-pedro-sanchez-s-resignation-statement-10-key-phrases …
El Mundo reports tomorrow that the PP is already upping the pressure on the PSOE, to demand more than just support at a confidence vote.
Institutions and the incompetent http://dlvr.it/MN7kwC
PM mounts effort to turn tide against gov't in bid for debt relief and QE inclusion http://dlvr.it/MN7kdC
David Davis reiterates May's pledge: This Conservative government will not roll back workers' rights. #CPC16
Davis: We will control our borders and we will bring the numbers down. #CPC16
Davis: Campaign is over. People have spoken. The decision has been made. Our job is to make Brexit work for everyone. #CPC16
Davis: Our destination is clear. We're going to be a nation that makes for ourselves all decisions that matter most. #CPC16
PM May's declaration brings welcome clarity on start of Brexit talks. Once Art. 50's triggered, EU27 will engage to safeguard its interests
May: I want new UK-EU relationship to involve free trade in goods and services, cooperation on law enforcement and counterterrorism. #CPC16
May: It's not going to be a Norwegian or a Swiss model, but an agreement between sovereign, independent UK and the EU. #CPC16
May: Whether people like it or not, the country voted to leave the EU. That means we're going to leave the EU. #CPC16
May: There's no such thing as a choice between 'soft' and 'hard' Brexit. #CPC16
NEW - Chris Grayling: ‘Inconceivable’ MPs would block repeal bill to end EU influence over British law http://bit.ly/2dB8LRt
Brexit: UK's PM May to trigger Article 50 by end of March. http://www.bbc.com/news/uk-politics-37532364 …
Conservative party conference, day one: The Spectator guide http://specc.ie/2dmw9Pf
Explaining how the Great Repeal Bill would work by transposing EU law into UK law on Daily Politics last month
Erdoğan: Right to sue Saudi Arabia "has the potential to start a dangerous debate on the issue of state sovereignty."
President Recep Tayyip Erdogan on Saturday warned that Turkey had reached the "end of the game" over its decades-long EU membership bid.
@fredwalton216 Erdogan also told Brussels it needed to allow Turks visa-free travel to the bloc by October, as per EU-TUR Refugee Deal.
1 killed, 2 wounded in bomb attack in southeast Turkey
Turkey: Fethullah Gulen's brother arrested in Erdogan's ongoing crackdown after coup http://www.independent.co.uk/news/world/europe/turkey-coup-fethullah-gulen-police-arrest-brother-qutbadin-gulen-crackdown-erdogan-a7341471.html …
Syria: Turkey sends 1,000 special forces to secure ‘security zone’ across border http://algo.fyi/j6sp7q
As of October 1 at least 92 journos r in jail, at least 2500 journos lost their jobs & 660 press cards cancelled in Turkey @JournosInTurkey
Orban apparently focusing on voter number (95%) rejecting EU plan including refugee/migrant quotas , rather than turnout # s.
Hungarian #QuotaReferendum invalid. Just 45% participation.
Hungary: #QuotaReferendum invalid as turnout is low (Nézőpont exit poll). Orban's plan to oppose EU's migrant quotas via referendum failed.
Hungary, Nézőpont exit poll: Migrant Quota Referendum I approve (the plan of the EU): 5% Disapprove : 95% #QuotaReferendum #Hungary
This will be a big surprise , if it comes to pass !
Hungary, Migrant Quota Referendum: Turnout 5.30 pm: 39.88% Requirement to oppose EU's plan: 50% +1 vote + majority of No
Hungary, Migrant Quota Referendum: Turnout 1 pm: 23.56% Requirement to oppose EU's plan: 50% +1 vote + majority of No #QuotaReferendum
If you're following #Hungary's referendum today on #refugees you should read this by @PatrickKingsley https://www.theguardian.com/world/2016/oct/01/hungarian-referendum-slam-door-migrants-new-era-europe …
Turnout crucial to Hungary referendum result http://bit.ly/2d5P3IB
Hungarians expected to reject EU migrant quota in referendum http://news.sky.com/story/hungarians-expected-to-reject-eu-migrant-quota-in-referendum-10602502 …
The referendum (+ fear campaign) will cost tax payers ~€40,000,000 but can't reverse the EU decision to resettle asylum-seekers in #Hungary
Hungary’s plebiscite on refugees is a referendum on Europe’s survival. http://atfp.co/2dG2srP
Odds & Ends....
Fukushima will leak indefinitely 300 tons of radioactive waste into the Pacific Ocean every day , as source of the leak cannot be sealed.
Italy government won't resign whatever outcome of referendum: minister http://reut.rs/2dndzqy
Austrian Foreign Minister @sebastiankurz comes put against migration quota, urges the EU to ditch the idea https://twitter.com/otmarianna/status/782577237900099585 … #Hungary
Schauble calls for Muslims in Germany on Sunday to develop a "German Islam" based on liberalism and tolerance...
.@BorisJohnson: global number of refugees is up by 30% much can be attributed to war in Syria #CPC16
State of play for Mosul...
On September 30th , 9/11 widow filed a lawsuit against Saudis (providing material support to al-Qaeda and its leader, Osama bin Laden.)
Saudi coalition says Houthis pose threat to shipping after attack on UAE vessel http://ow.ly/Cb8z304LB5v
THE SYRIAN ARMY HAS ORDERED ALL THE JIHADIST INSURGENTS TO LEAVE EAST ALEPPO IMMEDIATELY, GUARANTEEING THEM A SAFE PASSAGE AND MEDICAL AID
Trump responds to bombshell report on his taxes http://hill.cm/5auIINJ
South Asia Summit Scheduled in Pakistan Postponed, Nepal Says
Aleppo is facing a humanitarian catastrophe http://ow.ly/L1GQ304Iz8N
ICYMI: UN casualty figures for #Iraq (September 2016): 1,003 Iraqis killed; 1,159 injured in acts of terrorism, violence & armed conflict.
France (accused of contradictory policy on #Libya) hosting international meeting on crisis 2mrw. Egypt, UAE, Qatar & Turkey among invitees
LNA likely to make a move on #Tripoli soon, they won't allow oil flow without a plan to capture the capital. Difficult days ahead. #Libya
Western and regional foreign ministers due to discuss Libya in Paris on Monday - https://www.libyaherald.com/2016/10/01/western-and-regional-foreign-ministers-due-to-discuss-libya-in-paris-on-monday/ …