Author Topic: Deutsche Bank shares hit by cash call  (Read 411 times)

kanelos

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Deutsche Bank shares hit by cash call
« on: March 06, 2017, 07:13:07 AM »

Shares in Deutsche Bank fell 5% in early trading on news it plans to bolster its finances through selling new shares.

Germany's biggest bank plans to raise about 8bn euros (£6.9bn, $8.5bn) through the sale, due later this month.

The sale by the troubled bank is part of a wider shake-up.

Deutsche will also partially float its asset management business and retain Postbank - the retail banking business that it had been expected to sell.

The company will be reorganised around three divisions: private banking and wealth management; asset management; and corporate and investment banking.

The bank is trying to reshape itself after grappling with huge losses and a 15bn euro legal bill imposed by regulators since 2012.

http://www.bbc.com/news/business-39172229
« Last Edit: March 06, 2017, 07:29:18 AM by kanelos »

nantia

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Re: Deutsche Bank shares hit by cash call
« Reply #1 on: March 09, 2017, 05:07:39 PM »
 troubled bank

nadia

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Re: Deutsche Bank shares hit by cash call
« Reply #2 on: March 30, 2017, 10:08:11 PM »
Germany's biggest bank plans to raise about 8bn euros

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« Reply #3 on: August 03, 2017, 10:05:20 AM »
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