Deutsche Pfandbriefbank’s shares slumped the most in 10 years on Monday...

... with the company unable to immediately provide a reason for the decline.

The stock fell as much as 17% before paring losses to 11% as of 4:43 p.m. in Frankfurt, leaving the stock down about 19% since the start of the year.

Bloomberg November 3, 2025

https://www.bloomberg.com/news/articles/2025-11-03/deutsche-pfandbriefbank-shares-plunge-most-in-ten-years


You might not have heard of Pfandbriefbank

PBB insists it’s still well capitalized — and by regulators’ preferred measures, it is. 

The bank reported a Common Equity Tier 1 Ratio of 15.7% as of Dec. 31, well above the regulatory minimum of 8.4%.

How can a bank be so obviously in trouble while officially fine? 

The answer is in the way regulators evaluate capital adequacy.

Pretty much every failed bank in recent years had an excellent risk-weighted capital ratio right up to the end. 

https://englundmacro.blogspot.com/2024/04/you-might-not-have-heard-of.html

 

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