Submitted by Tyler Durden on 01/21/2016 - 13:35
On Thursday, we got the latest bad news out of Deutsche as Cryan reported what he called “sobering” results for 2015. In short, the bank is staring down a net loss of €6.7 billion for the year, the first annual loss since 2008. "We see further downside risk on litigation – we model another €3.6bn in 2016 - which is likely to necessitate a capital raise."
http://www.zerohedge.com/news/2016-01-21/these-are-extremely-poor-results-deutsche-bank-reports-titanic-7-billion-annual-loss
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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