Didn’t they just say their balance sheet was impenetrable and how they weren’t going to issue a rights offering?
According to Bloomberg, the piece of shit German bag holder bank, lover of worthless Greek debt, is in talks with Wall Street banks to raise the maximum amount without shareholder approval.
Deutsche Bank AG is in informal talks with securities firms to explore options including raising capital should mounting legal bills require it, Bloomberg reported on Thursday.
Senior advisers at top Wall Street firms are speaking to representatives of Deutsche Bank about ideas including a share sale and asset disposals, Bloomberg reported, citing people familiar with the discussions.
The banks are offering to help underwrite a stock sale to raise about 5 billion euros ($5.6 billion), the maximum amount in discounted shares Deutsche Bank can sell without needing shareholder approval, Bloomberg said.
Dax FUTS are down 0.25%.
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Massive dilution and then selling off revenue producing assets and then paying who knows what multi billion fine and then trying to be profitable in a negative rate environment.
When do the European banks become buyable Fly?
Price is truth.