The Beast Is Almost Complete, Deutsche Bank to Replace 18,000 Workers with Robots

Featured Story

This image has an empty alt attribute; its file name is Bankster-Logo-2.png
Bankstercrime.com

Deutsche Bank plans 18,000 job cuts in robot strategy called “Operations 4.0”.

Operations 4.0 Underway

Deutsche Bank says Operations 4.0 is already underway.

The plan is to Replace 18,000 Jobs With Robots.

Mark Matthews, head of operations for Deutsche’s corporate and investment bank, told Financial News that machine learning algorithms “massively increased productivity” and “redistribute capacity.”

The London-based news organization said that Deutsche is pushing to “automate large parts of its back-office” via a new strategy called “Operations 4.0,” as part of its $6.6 billion savings initiative over the next three years.

Matthews told FN that the machine learning tools helped to save “680,000 hours of manual work” and that it “so far used bots to process 5 million transactions in its corporate bank and perform 3.4 million checks within its investment bank.”

In what insiders called a surprising move, the bank this summer said it will keep the bulk of its equity research department despite eliminating the bulk of its stocks sales and trading division.

Why stop at 18,000? Please consider my 8 step proposal to get rid of everybody.

This image has an empty alt attribute; its file name is Bankster-Logo-2.png

The light went out in the church, and that’s the reason the world got dark. Dark times were perpetrated by the “last one out, turn out the lights” “The church lights have gone OUT”.

Just Fire Everybody

  1. Who needs proprietary equity traders? Fire them all. Machines do all the trading anyway.
  2. Who needs stock analysts? Let computers determine the “Strong Buys”.
  3. Who needs credit analysts? Computers already do the scoring.
  4. Derivatives? What a mess. Unwind them all and stay away. Fire everyone involved.
  5. Real Estate Appraisals? That’s what Zillow’s for.
  6. Credit card processing? Outsource 100% of it.
  7. Statement processing? Outsource that too.
  8. Loans? Let computers decide which loans to make. Then keep none of them. Instead, securitize 100% of them. Source
This image has an empty alt attribute; its file name is Bankster-Logo-2.png

StevieRay Hansen
Editor, Bankster Crime

MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM YOU…

The Birth Pains Are Growing Stronger….

“Unless God has raised you up for this very thing, you will be worn out by the opposition of man and devils”…
My name is Steve Meyers and I need to share a vision and warning that the Lord showed me back in April 2007….

Many of you will ask why I waited so long to share the warning. I didn’t. I shared the story with everyone that would listen from pastors to friends to family to colleagues. Immediately following the initial vision, I called a close friend. I told him to sit down that I had something to tell him. I needed it documented as I knew this was supernatural and from God. As I witness events unfolding today, I need to share the vision again.

The risk of loss in trading futures and options on futures can be substantial. The author does not guarantee the accuracy of the above information, although it is believed that the sources are reliable and the information accurate. The author assumes no liability or responsibility for direct or indirect, special, consequential or incidental damages or for any other damages relating or arising out of any action taken as a result of any information or advice contained in this commentary. The author disclaims any express or implied liability or responsibility for any action taken, which is solely at the liability and responsibility of the user.

Tagged Under: Deutsche Bank, #Fraud #Banks #Money #Corruption #Bankers,#Powerful Politicians, #Businessmen

Don't Miss

‘There Is No Monopoly Here:’ Tim Cook Welcomes Antitrust Investigation of Apple

By StevieRay Hansen

Speaking at the Atlantic Festival recently, Apple CEO Tim Cook discussed the antitrust issues that the tech giant is facing amongst a number of other…

Read More

Traders On Edge As Futures Fail To Rebound After Wednesday Rout

By StevieRay Hansen

US equity futures were subdued and European stocks rebounded from an early selloff as markets tried to stem the Wednesday rout sparked after a range…

Read More

WIrecard’s Business ‘Almost Entirely Fraudulent’, Auditors Uncover $1BN Loss, Report Finds

By StevieRay Hansen

Carmine Di Sibio, the international chairman of EY, said in a letter to clients published earlier thsi month that  while he “regrets” the firm’s staggering lapse…

Read More

How Big Banks Have for Years Engaged With Dirty Money, While the Working Class Struggle

By StevieRay Hansen

It Is the Elitist Way of Doing Things and the New World Order Will Even Be More Corrupt… The agency, which operates under the Treasury…

Read More

Deutsche Bank Trader Prosecuted By DOJ Was A London Gold And Silver Fixer

By StevieRay Hansen

This is just the beginning of corruption that will be exposed in the months ahead, more bankers will be headed to prison soon… ‘Beginning in at…

Read More

Stocks Suffer Longest-Losing Streak In Over A Year As Dollar Dump Continues

By StevieRay Hansen

Stocks are down for the 3rd week in a row – yeah we know!!! – leaving levered-call-buying RH’ers facing something they likely haven’t seen in their…

Read More

Ex-JPMorgan Trader Sentenced To 8 Months In Prison For FX Bid-Rigging

By StevieRay Hansen

Two years after former HSBC head of currency trading, Mark Johnson, became the first person to be convicted in a global crackdown of currency rigging…

Read More

Markets Will Crash within Days, Pull Out!

By StevieRay Hansen

But, but, but… The ‘very successful’ IPO of Snowflake now has everyone who bought after its release yesterday now underwater… The Nasdaq is leading the…

Read More

Peter Schiff: The Fed Set The Fiercest Wildfire

By StevieRay Hansen

Wildfires are raging out of control in western states doing millions of dollars in damage and disrupting countless lives. In a recent podcast, Peter Schiff…

Read More

A Staggering 84% Of All S&P500 Assets Are Now Intangible

By StevieRay Hansen

Last week, we brought you some of the latest musing from Bank of America’s Jared Woodard, who in the latest Research Investment Committee report discussed the reason…

Read More