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Wednesday, 25 June 2014

Deutsche Bank completes $11.6 billion cap hike

The Deutsche Bank logo is seen outside a building in Luxembourg Deutsche Bank on Wednesday said it had successfully completed an 8.5 billion euro ($11.6 billion) capital increase aimed at fortifying its regulatory ratios and paying for a restructuring. "We have taken decisive steps to protect Deutsche Bank against known capital challenges, sharpen our competitive edge, and accelerate investments in growth in all our business divisions," Deutsche Bank Co-Chief Executives Juergen Fitschen and Anshu Jain said in a statement. The lion's share of the capital increase came from a public offering with subscription rights at 22.50 per share, of which 99.1 percent were exercised, Deutsche Bank said.








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