DeutscheBank is looking to be in serious financial trouble. When a bank admits it is having to write off the value of investments it rarely states the full extent of the problem on the first occasion when it does so. There is speculation that without serious capital injection DeutscheBank may not meet regulatory requirements. No wonder dividends have been cancelled.
In the article he himself refers to:
Most of the writedown is on goodwill, which does not affect its capital position. Deutsche Bank said its core capital ratio stood at about 11 percent at the end of September, compared with 11.4 percent at the end of June.
And as to not admitting on first try:
Deutsche Bank’s (DBKGn.DE) new boss John Cryan
That’s absolutely what new bosses do, stick the kitchen sink in the write offs.