Analysts are saying Deutsche Bank is 'kitchen sinking it'

A man poses for a picture with a kitchen sink at the Climate Camp on Black Heath on August 26, 2009 in London, England. Protesters are due to occupy an area of London for a week long campaign to highlight climate change and to lobby for Government action ahead of the United Nations Climate Change Conference in Copenhagen in December 2009. (Photo by )Dan Kitwood/Getty ImagesKitchen sinking it?

Deutsche Bank shocked the market by announcing huge write-downs late on Tuesday.

The investment bank says it expects a third-quarter loss of €6.2 billion ($US6.96 billion) and the board will recommend a cut to, and a possible elimination of, the dividend for the full year of 2015.

Shares dropped on the news on Wednesday morning, but are now rallying.

Analysts are divided on what the news means.

Some say this is Deutsche Bank’s new boss John Cryan “kitchen-sinking it” — throwing everything he’s got at the bank to fix its problems — while other believe this is the start of a painful multi-year process.

Here’s what banking analysts are saying about the unexpected news.

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