The Germans had the biggest
ship bank that had the biggest guns market share
On her deck were
guns loans as big as steers and shells loan losses as big as trees
Deutsche Bank, Germany’s largest bank, announced a $8.5 billion public offering with another $2 billion expected to be raised from asset sales.
The shares dropped on Monday the most in more than five months, following the announcement that Deutsche Bank will tap investors for the fourth capital infusion since 2010. The lender, which has posted more than 8 billion euros ($8.5 billion) of net losses in the past two years, has almost doubled in market value from a September low, making a share sale more palatable. Cryan is trying to sweeten the offer with the promise of renewed dividends and a return to profitability.
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The reaction in the market?
Deutsche Bank’s earning are nothing to write home about.
This reminds me of the WWII German battleship Tirpitz, seen here on its side doing its best Deutsche Bank imitation.
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