Deutsche Bank having one its worst days since mid April. DB is down some 11% this morning as loan loss provisions were more aggressive then previously seen.
I have previously stated that German Banks are under reserved like the rest of the free world.
They need to speed up reserve build up and come clean on toxic loans.
tradersutra.blogspot.com/2009/07/german-banks-need-to-come-clean.html
tradersutra.blogspot.com/2009/07/where-are-green-shoots.html
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