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Thomas Hoenig

Bloomberg Editorial: Big Banks Still Aren’t Safe Enough

"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."