- Joined
- Feb 17, 2009
- Messages
- 13,736
- Points
- 113
Deutsche Bank is nearing a plan to boost capital by more than €10 billion ($14 billion) through an equity offering and the partial sale of its asset management unit, according to people with knowledge of the discussions.
The measures, which executives may review as soon as this weekend, would be a way for the bank to boost capital buffers instead of by selling its Postbank unit, said the people, who asked not to be identified because the plans haven't been announced. Deutsche Bank is now leaning toward reintegrating the consumer banking business, the people said.
Doubts about Deutsche Bank's financial strength intensified last year after the US Justice Department in September demanded $US14 billion to end an inquiry into mortgage securities that fuelled the 2008 financial crisis. Investors were relieved when the final settlement in December came at about half that amount.
Read more: http://www.afr.com/business/banking...-capital-by-14b-20170303-guqlwl#ixzz4aIpnoOJt
Follow us: @FinancialReview on Twitter | financialreview on Facebook
share tumble...........
The measures, which executives may review as soon as this weekend, would be a way for the bank to boost capital buffers instead of by selling its Postbank unit, said the people, who asked not to be identified because the plans haven't been announced. Deutsche Bank is now leaning toward reintegrating the consumer banking business, the people said.
Doubts about Deutsche Bank's financial strength intensified last year after the US Justice Department in September demanded $US14 billion to end an inquiry into mortgage securities that fuelled the 2008 financial crisis. Investors were relieved when the final settlement in December came at about half that amount.
Read more: http://www.afr.com/business/banking...-capital-by-14b-20170303-guqlwl#ixzz4aIpnoOJt
Follow us: @FinancialReview on Twitter | financialreview on Facebook
share tumble...........
