“Strong Bank” Deutsche Bank Rallies On Modest Debt Buyback Plan
Submitted by Tyler Durden on 02/12/2016 – 08:34
Deustche Bank stock is ripping 10% higher after confirming old news that it will undertake a modest debt buyback of $2 billion and €3 billion (not including the CoCos). Have no fear though as the CEO proclaimed Deutsche Bank is a “strong bank” that ios “resilient” and “well positioned.”