“Some of the world’s largest banks are announcing spring makeovers. Earnings have improved, expenses are lower and capital ratios are higher. Today, for example, Deutsche Bank AG said its first-quarter earnings rose 19 percent and that it had sold almost 3 billion euros ($4 billion) of new stock.”
“Deutsche Bank had been one of the most undercapitalized of the large, global banks. It now says it’s ahead of schedule — and its peer group — in meeting new capital rules that international regulators agreed would take full effect in 2019.”
“Warning: The big banks may be in compliance, but that doesn’t mean they are safe or no longer too big to fail.”
Read the full Bloomberg editorial here.