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comment by b_b
b_b  ·  2923 days ago  ·  link  ·    ·  parent  ·  post: Deutsche Bank in free fall, Merkel signals no bailout

I would never pretend to be knowledgeable about balance sheets, generally. According to John Kay, most balance sheet reporting cancels out debits and credits on the same security (because apparently derivatives are traded back and forth so much so that if I owe you a dollar and you owe me a dollar on derivatives underlying the same source, we just call it an even zero). If you count all these phantoms, then DB's books show $55 TRILLION in total. Their actual deposits and loans are like $600 billion, which means that actual banking represents 1℅ of their overall business.