Shaky Banks

Tyler Durden writes,

if one were to be told that a bank has a Tangible Common Equity ratio of under 2%, the logical response would be that said bank is a goner. Yet both Credit Agricole and Deutsche Bank are precisely there (1.41% and 1.92% respectively), and both happen to have total "assets" which amount to roughly the size of their host country GDPs

What you should be looking for in this environment is a very prudent bank located in a solvent country. That is the equivalent of finding an unclipped coin during the Kipper- Und Wipperzeit.

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