Real Estate Crisis Hits Two German Banks | Josef Pschorn on Deutsche Pfandbriefbank and Aareal Bank

Published: Feb. 23, 2024, 2:44 p.m.

b'Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more.\\nVanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/\\n__\\nFollow VanEck on Twitter https://twitter.com/vaneck_us\\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\\n__\\nUse code FG10 to get 10% off Blockworks\\u2019 Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london\\n__\\nTimestamps:\\n(00:00) Introduction\\n(00:15) Background in Relative Value Credit\\n(02:25) Potential Trouble At Deutsche Pfandbrief Bank\\n(15:03) VanEck Ad\\n(15:45) Liability Structure of Deutsche Pfandbriefbank\\n(18:42) The Pfandbrief Market (Different Than Bank Known As "Deutsche Pfandbrief" AKA "PBB")\\n(21:56) Negative Marginal Net Interest Margin Is A Big Problem\\n(23:54) Why Josef Does Not Have A Trade On PBB - Insufficient Liquidity In Options Market\\n(25:23) Bail-in-ability of AT1 Debt\\n(29:59) How This Might Play Out\\n(32:47) Comparison To Greek And Spanish Banks\\n(35:06) Silver Lining: Long-Term Nature of Many of PBB\'s Liabilities\\n(40:21) Deposit Insurance In Germany & Europe\\n(43:05) How PBB Might (Possibly) Overcome The Challenges It Faces?\\n__\\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.'