Where and to whom is the crisis?

Expected or not, but half the balance of many large international banks showed profits of billions. Deutsche Bank Group as it is earned in the second quarter 1.1 billion euros. Why do banks billions, despite the crisis, and they wept right most state protection, and they drew were very, very money, and of taxpayer? Then, only three or six months same sick banks such demostriraha healthy muscles that again fabulous bonuses given to managers and forced himself head of the International Monetary Fund-Cannes Stros are grating repiningly with teeth. But what I noticed that …
So faithless man rub his eyes and asks: Where is the crisis? In the first half U.S. bank Citigroup has made a profit of $ 6.7 billion, Goldman Sachs and JPMorgan Chase & Co. awarded a $ 2.7 billion, while Bank of America – $ 2,4 billion also remarkably like those big gains is the revival of investment banking – that sector, which last year brought billions of losses of banks and in deep tlasna giant Lehman Brothers Inc.
For example, high profits made by Deutsche Bank, particularly due to investment banking.

Without the crisis – without profits
As it is paradoxical, the reason for these gains should be just the financial crisis: the countries which granted tens of billions to save banks need money. U.S. banks currently receive funds from the Central Bank in the extraordinary favorable conditions, then the money allocated to the Member in the form of bonds – and a fantastic win in the emission of bonds. The same mechanism is being used for lending to businesses and said „Deutsche Welle“.
Regarding working with private clients, Deutsche Bank, however, is very far from the former gains its billions. From April to June this largest financial institute in Germany has earned in this segment only 55 million euros – against 328 million in the same quarter last year. The decrease is attributable primarily to the compensation paid to staff redundancies in this sector. Were curtailed in 1100 jobs, which only in the second quarter was related to costs of 150 million euros.
Estimates are difficult
Despite billion profit analysts sbarchvat head when throwing insight into the credit balance of Deutsche Bank: the bank has increased seven-fold precautionary premium for non-payment of loans.
Bank chief Josef Akerman is convinced that the stabilization of the banking sector and global financial markets will continue to irreversible rate. He expressed satisfaction with the results achieved so far, but refused to commit to a forecast for the second half: it depends on the development of the global economy.

––––––––––––––––– ––––––––––

„Deutsche Welle“

Finance