Deutsche Bank’s $8.5B Public Offering Sinks Like The German Battleship Tirpitz

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Sink the Deutsche Bank by Johnny Horton:

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.

dbcap

The reaction in the market?

dbpuboff

Deutsche Bank’s earning are nothing to write home about.

dbearn

This reminds me of the WWII German battleship Tirpitz, seen here on its side doing its best Deutsche Bank imitation.

Photo of the capzised Tirpitz off Haakoy near Tromsö.

Photo of the capzised Tirpitz off Haakoy near Tromsö.

 

 

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3 comments
keithfromashford
keithfromashford

As one of the world's top derivative players.

It goes, they all go.


Mugsy7777
Mugsy7777

It doesn't matter if its 20 trillion or twenty gazillion....money has no intrinsic value to limit its growth....as long as the central banks can create the money supply, and can set interest rates to zero , non-performing loans can be carried ad infinitum at face value...banks balance sheets will be fine......even mtgs can be no interest loans if necessary....the banks just may pay you to stay in the house..... Just print a couple extra trillion....temporarily of course...just qualify you can pay the taxes and maintenance...meanwhile neg rates will create cash flow and income directly to banks (no need to bother with taxes and taxpayer funded sibsidies.. take it right out of the checking accounts)...How you ask....just make cash and barter illegal.... Every transaction will be electronic and recorded..... Threaten to drop out.... Please do.... No need to pay you your SS, medicare, or even pensions, if you won't follow the rules.....no middle class.....too bad, so sad.... But goverment must come first....middle classes come and go....world wide depression......that just cleans the oven and sets up the next round of hyper inflation, or war,  which effectively means if you have any money left it is now worthless (the government TOLD you spend, not save....you didn't listen). which also means the government can now pay back all those trillions for 1 cent on the dollar (maybe less)....then we will start the process all over again....10, 30, 50 years from now and it will be just another history lesson that gets ignored. Lucky for you,  I'm just one of those nutcases that has nothing better to do than rant nonsense on the internet...The above scenario would be very difficult for everyone but the elites and politicians.