Mar
05

Deutsche Bank Board to Meet on $8.5 Billion Capital Raise

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  • Company confirms possible sale of equity, part of fund unit
  • Bank may reverse plan to sell Postbank, shake up top managers

John Cryan

Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank AG’s supervisory board will meet Sunday to discuss a plan to raise more than 8 billion euros ($8.5 billion) as Chief Executive Officer John Cryan tackles concerns about capital levels, a person familiar with the matter said.

The bank on Friday confirmed a Bloomberg News story that said the lender is planning an equity offering and the sale of part of its asset management unit after failing to find a buyer for its Postbank consumer business, which had been a key pillar of Cryan’s strategy. The bank may now seek to reintegrate Postbank…

Deutsche Bank Board to Meet on $8.5 Billion Capital Raise

 

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