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| comment | | "parent_author":"stephenkendal",<br>"parent_permlink":"will-all-voteremainers-please-leave-a-blank-cheque-payable-to-deutsche-bank",<br>"author":"maarnio",<br>"permlink":"re-stephenkendal-will-all-voteremainers-please-leave-a-blank-cheque-payable-to-deutsche-bank-20160929t193855708z",<br>"title":"",<br>"body":"State bailout is now more difficult:\n\n\"The other talking point is Germany's largest bank. Deutsche Bank shares are off (~0.7%) today after advancing 3.2% yesterday and 0.65% on Tuesday. There is much talk about the need the bank to raise capital and the possibility of some role for the state. However,<br> the rules for state aid have changed since the 2008-2009 government support efforts. The controlling document is the Bank Recovery and Resolution Directive (BRRD).\n\nIt is the same set of rules that limited what Italy could do for its banks. There are,<br> of course,<br> nuances and exceptions,<br> but in general,<br> two principles stand out. First,<br> most use of taxpayers' money (government aid) requires participation by shareholders and junior creditors. Second,<br> a government stake,<br> which was speculated about yesterday is possible under certain conditions,<br> but cannot be done on discriminatory terms that give the state an advantage of show preferential treatment for the bank.\"\n\nhttp:\/\/seekingalpha.com\/article\/4009135-dollar-quietly-bid-market-skeptical-opec-deal",<br>"json_metadata":" \"tags\":[\"deutschebank\" ,<br>\"links\":[\"http:\/\/seekingalpha.com\/article\/4009135-dollar-quietly-bid-market-skeptical-opec-deal\" " |
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