Deutsche Bank says to raise EUR8 bn with new share issue

Deutsche Bank Said to Review Options to Boost Capital

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.

Share

Related News

  • Third Jewish cemetery damaged in surge of USA  anti-Semitic acts

    Third Jewish cemetery damaged in surge of USA anti-Semitic acts

    The FBI is trying to figure out who recently knocked down more than 100 headstones at a Jewish cemetery in Philadelphia. The Jewish Federation says it organized Thursday's rally to "restore a sense of security and peace to the community".
    Bangladeshi Islamist militant killed in shootout

    Bangladeshi Islamist militant killed in shootout

    Another counter-terrorism police officer Sanwar Hossain said Kashem had headed an Islamic seminary before joining the JMB in 1998. Tamim later met Maulana Kashem in July 2015 when he helped Tamim to reunite old JMB members.
    Dollar moves narrowly in Tokyo ahead of Yellen speech

    Dollar moves narrowly in Tokyo ahead of Yellen speech

    If the forecast is right, the upgrade may boost confidence that the Fed is considering a rate hike in March. Still, a rate increase this month isn't necessarily a certainty.
  • Kevin Harvick captures the pole at Atlanta Motor Speedway

    Kevin Harvick captures the pole at Atlanta Motor Speedway

    This year's event also marked the debut of NASCAR's new racing format where it divided the 500-mile race into three stages. Kurt Busch, who drove without a rearview mirror for the last 30 laps, came away with his first win in the 500.
    Georgia/Notre Dame game time set

    Georgia/Notre Dame game time set

    Lindsay Allen had 12 points and 10 assists, breaking the conference's all-time assist record, for the top-seeded Irish (28-3). Louisville has a 20-15 series advantage over Notre Dame and the Cardinals have a 12-3 record in games played in Louisville .
    People are already speedrunning Zelda: Breath of the Wild, with mixed results

    People are already speedrunning Zelda: Breath of the Wild, with mixed results

    The company needs the Nintendo Switch to find a place in between the two markets to rule the video game kingdom once again. If you did everything correctly it should scan properly and an item or chest will appear before you in the game .
  • Pence denies double standard in email scandal

    Pence denies double standard in email scandal

    On Saturday, Pence tweeted a copy of the letter sent by his lawyer, accusing the AP of "violating her privacy and our security". It said Pence used the account, which was hacked last summer, to discuss sensitive matters and homeland security issues.
    Millennials may be at greater risk for colorectal cancer, study finds

    Millennials may be at greater risk for colorectal cancer, study finds

    For people in their forties and fifties, the rates of rectal cancer increased 2.3 percent starting in 1996, the study found. However, Bilchik says other studies offer clues such as the many links between obesity and different types of cancer.
    French presidential candidate Macron unveils 'anti-nepotism' agenda

    French presidential candidate Macron unveils 'anti-nepotism' agenda

    In that second round, he is now projected to face Marine Le Pen , the far-right leader with an anti-immigration, anti-EU platform. According to all second-round polls, Macron beats Le Pen by a very safe 60% to 40% while Fillon has a slightly smaller lead.
  • Trump budget plan draws strong opposition -- from Republicans

    Trump budget plan draws strong opposition -- from Republicans

    Cutting budgets by a further 10% would be painful. "Bombs alone can not prevent radicalization". Rodney Frelinghuysen, a Republican from New Jersey, also spoke out about the issue.
    Hundreds rally to show support for Trump in Raleigh

    Hundreds rally to show support for Trump in Raleigh

    The ubiquitous Make America Great Again hats were prominent at the pro-Trump rally Saturday March 4, 2017 at the state Capitol. Supporters and critics of President Donald Trump held dueling rallies at the State Capitol today.
    Snap Applies Lock-up to IPO Shares

    Snap Applies Lock-up to IPO Shares

    Meanwhile, Snap's chairman Michael Lynton planned to sell nearly 55,000 shares in the offering, bringing in more than $930,000. The blockbuster IPO also signaled a huge payday for the company's co-founders, CEO Evan Spiegel and CTO Bobby Murphy.