It goes on to put it mildly, not good with Deutsche Bank. After it became known that the huge German bank, a fine of 14 billion dollars in the United States above the head, is the share completely out of favor with investors.
The share of Deutsche Bank started Friday morning with nearly 8 percent down on the stock exchange in Frankfurt. Soothing words of ceo John Cryan could investors are not really reassure.
There are, after all, in addition to the penalty, yet investigations into manipulation of foreign exchange rates and commodity prices by the bank, which are buffers already need strengthening to meet more stringent requirements. In short: Deutsche Bank urgently needs fresh capital is needed.
The new Uk CEO John Cryan has a few options.
capital markets
Deutsche would, of course, investors can ask for more money and new shares may issue.
Given the fact that the share price is now less than 10 euros worth, this is a costly affair for the bank. Existing shareholders will most likely be even more losses for their choose.
Parts sales
in the course of the years several acquisitions to do so was Deutsche Bank to become the huge conglomerate that it is today. To get money would be ceo Cryan so also what silverware to sell. That is only easier said than done since most of the daughters of the Deutsche, too, is a kwakkelend exist.
Earlier put Deutsche Bank subsidiary PostBank is already in the shop window. But because no one wanted to have, got Cryan Postbank of the market. But even if it manages to PostBank of the hand to do, that it would be Jan Kleipool, an investment analyst of the investment office of ING is not enough to Deutsche Bank the fire to help.
Actually, Deutsche Bank asset manager Deutsche Asset Management to sell. But that would be ceo Cryan don’t like. It is one of the jewels in the crown of the bank. In addition, the activities of the branch so interwoven with the rest of the company that it is a tricky operation would be.
On the staatsinfuus
According to the German weekly die Zeit, would be there with our German neighbours breed to be on a rescue plan for Deutsche. But the government denies it emphatically. Moreover, it would be the pride of the bank a huge dent to rise as Deutsche Bank, the hand must keep with the government.
in Addition, it is contrary to the European bankenregels who on 1 January are discussed. First, shareholders and bondholders bleeding by losses to take on their interests. A so-called bail-in. Only then would aid in the order.
Merge with a rescue angel
A last scenario to get money is by merging with another bank. The previous month, reported the German magazine Manager Magazin that Deutsche a merger with Commerzbank has considered. This, however, would also not make a difference. Commerzbank has, after all, also need money.
No single option is ideal, and they are all to a greater or lesser extent hard to implement. Moreover, they are not all of a solution for the real problem: Deutsche makes too little profit.
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