Viewed Another Way


Viewed Another Way

We should look carefully to evaluate the true results of OPEC’s attempt to squeeze higher-cost companies from the market. On that criterion it was successful: a huge selection of billions of dollars in essential oil exploration and production projects have been canceled or deferred, by Traditional western essential oil companies and other non-OPEC companies mainly.

Yet OPEC miscalculated in at least two ways. First, as many experts have observed, it correctly determined US shale suppliers as the new marginal suppliers to the market but failed to anticipate how quickly these businesses could react to a dramatic price cut. 50 per barrel–undermining the effect of OPEC’s cuts as each goes.

Its other miscalculation was in the capacity of the cartel’s members–even a few of the strongest–to endure the austerity that protracted low prices would bring. A great deal of attention will be focused about how OPEC implements its output cuts now, and whether its non-OPEC companions like Russia live up to their end of the discount. The history of OPEC deals shows that is only wise. However, a new factor reaches work that adds extra uncertainty to the results here, even if OPEC miraculously achieved 100% compliance.

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FRANKFURT (Reuters) – Deutsche Bank or investment company (DE:DBKGn) is preparing to unveil a sweeping, multi-billion euro overhaul within times that would start to see the axe fall heaviest on investment bankers, sources familiar with the matter said on Wednesday. 5.6 billion), one of the sources said. Chief Executive Officer Christian Sewing flagged an intensive restructuring in May when he promised shareholders “tough cutbacks” to the investment bank or investment company. The pledge arrived after Deutsche failed to recognize a merger with rival Commerzbank (DE:CBKG). The lending company, Germany’s largest, is thinking about slicing between 15,000 and 20,000 jobs, or even more than one in five of its 91,500 employees.

The overhaul signals that Deutsche is coming to terms using its failing to keep pace with Wall Street’s big hitters such as JP Morgan Chase & Co (N:JPM) and Goldman Sachs (N:GS). The high cost for restructuring raises the possibility that the lending company shall survey a loss for the full calendar year, the individual said, meaning Deutsche will have been around in the red for four out of the five last years. But executives and investors hope the overhaul, costly however, will be radical enough to show throughout the bank’s fortunes following its shares fell to a record low last month.

Deutsche declined to touch upon the restructuring costs or the effect on its cash flow. The lender said it was working on measures to accelerate its transformation so as to improve its lasting success. The bank’s supervisory board is because of meet on Sunday to discuss the overhaul, people familiar with the matter said. Other actions under consideration incorporate a reduction in how big is the bank’s nine-member management table, as well as the creation of a so-called bad bank or investment company to carry tens of billions of euros of non-core possessions.

The investment bank or investment company generates about 50 % of Deutsche Bank’s revenue but is also considered its Achilles heel. Revenue at the division is forecast to fall to 12.this year 4 billion euros, relating to a consensus of analysts. To help finance its overhaul, Deutsche is seeking to lower the amount of capital that regulators require it to have readily available, according to three people who have knowledge of the matter. The lender is aiming for a so-called common collateral tier 1 capital proportion of 12.5%, two of the cultural people said, confirming a physique first reported by the Financial Times. The paper said that could free up 3.5 billion euros in capital.

As financial advisors, we never want to visit a client run out of money, especially “on our watch” as the consultant. Learning a client has been “concealing” assets can come as a shock for many advisors. And the reality is, as more and more of the advisory industry shifts to the AUM model and deals jointly financial planning and investment management, this nagging problem is going to get a lot worse. 100k that might be managed with a financial advisor (i.e., outside of a retirement plan), and only about one-third of those are actually delegators who want to employ an advisor. Which means, when the math is performed by you, there may only be about 7 to 8 million households to divvy up among 300,000 financial advisors, leading to about 21 clients per advisor (of which only 5 are millionaires!).