Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Deutsche Bank raises 8 billion in new capital ahead of new regulatory setup

FRANKFURT - Deutsche Bank says it is raising 8 billion euros ($11 billion) in new capital from investors to strengthen its finances as it faces tighter regulation and seeks to invest in promising business areas.

The bank says it will raise 6.3 billion euros in a rights offering and has already secured 1.75 billion euros by placing shares with a single investor from Qatar.

Co-CEO Anshu Jain told analysts Monday that the fresh capital would also help it meet "unforeseen challenges" that may be ahead.

The move will increase the bank's capital ratio, a key measure of financial strength, to 11.8 per cent. That is well beyond the bank's 10 per cent goal.

Banks across Europe have been shedding risky investments and raising new capital as they seek to meet new regulatory standards.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates