The fundraising plans confirm many investors' expectations that Deutsche Bank would be forced to tap the market for the third time since early 2013. The Corporate & Investment Bank group division comprises corporate banking and securities activities and is divided into Corporate Banking & Securities (CB&S), comprising Markets and Corporate Finance businesses, and Global Transaction Banking (GTB) corporate divisions.
Jeffrey Urwin, now head of corporate and investment banking which helps clients with acquisitions, raising debt and equity, is stepping down from his post, while the bank will at a later stage name a successor to CFO Schenck. Schenck will run the combined unit with Garth Ritchie, who now leads the trading division.
Roger Federer bites the dust in Dubai
The initial excitement in the match occurred with Federer leading 6-3 3-4 - when one set of the court floodlights went dark. The mercurial Monfils needed one hour and 35 minutes to beat Evans 6-4 3-6 6-1 in the second match of the day.
The move comes after Deutsche Bank posted a net loss of 1.9 billion euros in the final quarter of 2016 as legal costs for past misdeeds weighed heavily on results and the bank fell further behind its Wall Street rivals, lagging their strong rebound in bond trading.
"These additional measures are meant to strengthen the Bank's status as a leading European bank with a global reach supported by its strong home base in Germany", Deutsche Bank said in a statement. Prior to the plan announced on Friday, Cryan had been focused on selling Postbank to raise capital.
Quetta Gladiators bring in foreign players for PSL final
He was unsure of how the world would react to playing in a stadium outside which roads are blocked and security is heavy. The source said Pakistan was due to tour Bangladesh but the PCB had instead suggested Bangladesh tour Pakistan .
Deutsche Bank's capital position has always been a topic of discussion on Wall Street, and questions about capital have dominated recent earnings calls.
"Our decisions are a significant step forward on the path to creating a simpler, stronger and growing bank", John Cryan, the firm's chief executive, said in a news release.
Kite Hits 52-Week High on Positive Study (KITE)
Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-2.15 to $-1.22. Following the transaction, the chief operating officer now owns 92,995 shares of the company's stock, valued at $4,729,725.70.
Cryan said that the bank did talk about the rights issue with one of Deutsche Bank's major shareholders and was told the shareholder would take up its subscription rights. A stake sale would allow the lender to hold on to a business that Deutsche Bank officials including Mr. Cryan have praised as an important part of the bank. In 2015, the bank separated them in restructuring.