Commerzbank has bet on its own bankruptcy

[BoyRacer]

Commerzbank lässt auf eigene Pleite wetten → spiegel.de/wirtschaft/untern … 39,00.html

Ihren Niedergang konnte die Commerzbank zuletzt nicht aufhalten - aber sie könnte daran verdienen: Denn das Kreditinstitut bietet Optionsscheine an, mit denen Anleger Gewinne machen, wenn die Aktie der Bank unter einen Euro fällt. Freiwillig verkauft das Geldhaus die Zockerpapiere aber nicht.

der ist more

google translate

[BoyRacer]

German Bank ‘Seeking A Second Bailout’ → uk.finance.yahoo.com/news/German … 77801.html

Germany’s second largest bank, Commerzbank (Other OTC: CRZBF.PK - news) , is reportedly in discussions with the German government about a bailout after regulators said it needed to raise more money to cope with a potential default on its loans to governments.

“Intense talks” have been going on for several days, according to sources who spoke to the news agency Reuters.

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[YorkieBar]

a fiver says they burn the bondholders

[Howitzer]

@YorkieBar

a fiver says they burn the bondholders

Wanna take out an insurance policy against losing that fiver? It’ll only cost you 6 more.

[Open_Window]

@Howitzer

@YorkieBar

a fiver says they burn the bondholders

Wanna take out an insurance policy against losing that fiver? It’ll only cost you 6 more.

The genesis of the Financial crisis summed up in two posts. Well done.

[BoyRacer]

Moody’s Downgrades German, Austrian Banks → nasdaq.com/article/moodys-do … 0606-00004

(RTTNews.com) - Moody’s Investors Service on Tuesday downgraded six German banks, citing increased risk of further shocks emanating from the eurozone debt crisis and the limited capacity of the banks to absorb losses.
In addition, the ratings agency downgraded Austria’s three largest banks, citing their vulnerability to the adverse operating conditions in some of their core markets in Europe.
Moody’s downgraded the long-term debt as well as deposit ratings for six German lenders and one German subsidiary of a foreign bank by one notch. Meanwhile, Moody’s affirmed the ratings for one bank.
Commerzbank AG (CRZBY.PK), Germany’s second-largest lender, and Unicredit Bank AG were downgraded by one notch each to A3, with the outlook for both banks being negative.

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[BoyRacer]

Germany may consider Commerzbank stake sale after election - Arno Schuetze and Gernot Heller → reuters.com/article/2013/07/ … VU20130716

Germany has been left with shares in Commerzbank following its rescue of the bank during the 2009 financial crisis that drove a number of major European lenders to the brink of collapse. Its stake is worth 1.25 billion euros ($1.63 billion)at current prices.
The Finance Ministry has repeatedly said it wants the government’s investment to be as short-lived as possible, but no decision has been taken as to when the shares could be sold.

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