The star of "The Big Short" recommends shortening Deutsche Bank

The name Steve Eisman, a cash manager from Neuberger Berman Group, may not tell you anything, but you probably think of his character from the popular movie "The Big Short". This is the analyst, who predicted the financial collapse before the 2008 crisis.
And Eisman has a new offer to investors who wonder what company to shorten ... And it is - Deutsche Bank AG. The largest German bank, which is facing serious difficulties and is in a period of crisis, on its way to restructuring.
Deutsche Bank really has problems with its profitability, said Isman, in a special interview for Bloomberg Television, in Hong Kong. According to him, Deutsche Bank is a troubled bank. Eisman believes that its shares should be drastically reduced, the expert also said, adding that the low-capitalized bank would probably have to raise its capital next year.
Eisman also recommended short stakes against Canadian financial companies, confirming that he is still short with the Wells Fargo & Co. bank.
Earlier Eisman's bets against the mortgage market before the 2008 crisis were described in Michael Lewis's 2010 "The Big Short" book, based on the stories of cash managers who benefited from the financial crisis.
Eisman joined New York-based Neuberger Berman after he closed his Emrys Partners hedge fund in 2014.