Deutsche Bank plans $8.45 billion capital increase

Deutsche Bank shares fell 1.3% to €19.14 in Frankfurt on Friday

These steps depend on market conditions and the approval of Deutsche Bank's management and supervisory boards, the German flagship lender said, adding that no decision had been made on the matter yet. Deutsche Bank has posted more than €8 billion of net losses in the past two years as Mr Cryan, who took over in 2015, settled misconduct investigations and scaled back capital-intensive debt-trading businesses. "The Bank intends to continue serving the needs of its clients across transaction banking, corporate finance, capital markets, asset management, wealth management and retail banking".

The lender also plans to reduce its annual severance and restructuring costs from $25.6 billion to about $22.3 billion in 2021 when it plans to implement all measures of its restructuring plan. The company has tried to sell the Postbank business since spring 2015.

In an interview seven weeks ago with CNBC, Cryan said that hiking capital was not the best option to improve its financial situation. "The sale of a minority stake in the asset management is something in the right direction", the source said.

As well as the capital increase, Deutsche plans to retain subsidiary Postbank - long slated to be sold off - and partially float its Deutsche Asset Management unit.


While litigation costs and writedowns on past acquisitions have weighed on Deutsche Bank's earnings, it has also fallen behind its Wall Street rivals, lagging their strong fourth quarter rebound in bond trading for instance.

However the $7.2 billion settlement it reached with the U.S. Department of Justice in December for selling toxic mortgage backed securities and its struggling markets business meant Deutsche Bank needed more radical action to bolster its balance sheet.

Deutsche Bank declined to comment. The measure stood at 11.9 per cent at the end of 2016, shy of the then-target of 12.5 per cent for the end of 2018.

The combined business would have more than 20 million customers with planned savings of $23 billion by 2018.

Related News:

  • Computer OS, short movie successfully stored in DNA

    Then, by using a special algorithm called DNA fountain , the researchers were able to split this master document into binary code. The storage capacity is massive; it can reach a density of 215 Petabytes per gram of DNA and can last a very long period of time.

    Microsoft To Bring Mixed Reality To Xbox One, Project Scorpio In 2018

    Microsoft has collaborated with other tech giants to create what has been dubbed as the Microsoft mixed reality gears. There's just one thing: Microsoft insists that these five devices aren't virtual reality headsets.
    Pirates infielder Kang gets suspended sentence for drink driving

    Pirates infielder Kang gets suspended sentence for drink driving

    Prosecutors had sought a summary order with a fine of 15 million won [$13,000 in the U.S.] on Kang. Kang had 21 home runs and 62 RBIs in 103 games in 2016 during his second season in the majors.
  • Chelsea's predicted starting XI to face West Ham United

    Chelsea's predicted starting XI to face West Ham United

    Unlike in that match, they are set to field a full-strength team, with Eden Hazard expected to have recovered from a knock. The post Conte: "Good Guy" Moses Deserves New Contract, I Won't Leave Chelsea appeared first on Complete Sports Nigeria .

    Obama is staging a political comeback

    Voting districts are redrawn after a federal Census to reflect the changes in population and other demographic. He added that the decision to throw out a challenge to voter laws in Texas was "disheartening". "It's coming.
    Torres taken to hospital after head injury in Atletico game

    Torres taken to hospital after head injury in Atletico game

    Atletico players Gabi and Sime Vrsaljko were quick to react, attempting to clear Torres's airways. Immediately after the game, boss Diego Simeone said: "Torres is conscious, he has a head trauma".
  • West Bromwich Albion 0-2 Crystal Palace: Zaha & Townsend seal vital win

    West Bromwich Albion 0-2 Crystal Palace: Zaha & Townsend seal vital win

    Pulis is now involved in a legal dispute with Palace but insisted the loss did not hurt more because of matters off the pitch. Since then, a High Court Judge has upheld a Premier League Managers' Arbitration Tribunal ruling.
    Conservative Davidson says 'no popular support' for independence vote

    Conservative Davidson says 'no popular support' for independence vote

    Despite the SNP's grip on political power in Scotland, Downing Street believes Sturgeon is in a weak position on independence. And she insisted people in Scotland wanted a government focused on the "issues that matter to them day to day".
    A liberating ode to the moment heartbreak turns to hope

    A liberating ode to the moment heartbreak turns to hope

    Lorde worked on the song with Jack Antonoff, best known as the guitarist of fun . and the frontman of Bleachers . Celebrity fans have shown their support for Green Light . "This is where we begin", Lorde tweeted yesterday.
  • Call to protect United Kingdom  plants affected by Vauxhall sale to PSA Group

    Call to protect United Kingdom plants affected by Vauxhall sale to PSA Group

    United Kingdom business minister, Greg Clark, said that his meeting with Tavares was constructive and reassuring. The two companies had been bickering about who should be responsible for footing the bill.
    John Ross Breaks 40-Yard Dash Record At NFL Combine

    John Ross Breaks 40-Yard Dash Record At NFL Combine

    The NFL is a speed-driven league and when a player as rare as Ross comes around, his draft value naturally goes up. John Ross ran a record 4.22 40-yard dash at the NFL Combine Saturday. "So, you know, I had to run in the Nikes".
    Las Vegas close to getting second NASCAR Cup race

    Las Vegas close to getting second NASCAR Cup race

    Kurt Busch leads all active drivers in laps led at Atlanta with 749. "I can't say enough about my pit crew", Busch said. Busch cruised to his second straight Atlanta victory in the second-tier series Saturday.


Most liked

White House defends Pence's use of private email while governor
Lotter said Pence "maintained a state email account and a personal email account" like previous governors in the state. Pence spokesman Marc Lotter told the Indianapolis Star that any comparisons between Pence and Clinton was "absurd".

Haye released from hospital after Achilles treatment
Maybe even a rematch with David Haye or, I think more likely, to challenge for the world heavyweight title. Leading names in the sport congratulated Bellew on the stunning victory.

Myles Garrett might have locked up going No. 1 to Browns
His 40-yard dash is tied for the fifth-fastest by a 270-pound defensive lineman since 2006, according to ESPN. The only thing that might change this is if the Browns - these are the Browns, yes - were to trade the pick.

Ruled out of PSL final, Shahid Afridi posts emotional message
Any security lapses would be a massive setback, he added, saying "we can say goodbye to int cricket in Pak for the next decade". It is not any one of the top cities of Pakistan - the capital Islamabad, Lahore and Karachi - who will be contesting the final.

Murray beats Verdasco to win first Dubai Tennis Championships title
Nose over net in the seventh game, Verdasco was in prime position for a volley but badly bungled it into the bottom of the net. He remained as low-key as ever with the media, having spent plenty of time signing for fans first.

Trump supporters gather at Capitol in Lansing
Bracketed by the state Legislature and the legislative office building, people carried signs and wore shirts backing Trump. Even on that, Trump supporters disagreed.

Abercrombie Earnings, Same-Store Sales Slide (ANF)
Abercrombie & Fitch has continued to underperform for years while Hollister has remained its sole saving grace throughout. The company reported the earnings of $0.02/Share in the last quarter where the estimated EPS by analysts was $0.21/share.

Harry Kane, Jan Vertonghen and Toby Alderweireld all doubtful for Everton clash
Tottenham go in search of a new club record of nine successive Premier League home wins against Everton, live on Super Sunday . "Of course that injury I had earlier in the season might have done me a bit of good, getting a bit more rest", Kane said.

Returning Rory McIlroy one off the lead at WGC-Mexico Championship
He also spoke about his rib saying it's great and that he is playing lot of stress-free golf at the moment. The rest of the field did not suffer stomach trouble but it was a testing day for them in high altitude.

Most Recent analysts Ratings: TD Ameritrade Holding Corporation (NASDAQ:AMTD)
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Mewhirter now forecasts that the firm will earn $0.38 per share for the quarter, down from their previous estimate of $0.44.

Cat in the Hat visits Valley children
The National Education's Read Across America Day is a nationwide reading celebration that takes place each year on March 2 - Dr. "Are you ready to try green eggs and ham? " asked Dana Oswald of her kindergarten class at St.

Breath of the Wild could be the best Zelda in years
The Legend of Zelda: Breath of the Wild is already being hailed as a revolution for both the franchise and gaming in general. Buying the Nintendo Switch isn't going to be all that exciting if it weren't for this game .

Rand Paul Hunts for Obamacare Replacement Plan Held in 'Secure Location'
Republicans on Thursday said that the Democratic hunt was ridiculous and that their members were still working on the legislation. And with that, Hoyer leads the viewers through doors and down corridors, descending steps of Congress in search of this bill.

More Flu Deaths Reported in NC Last Week
Signs to watch for include fever, cough, sore throat, runny or stuffy nose, body aches, headaches, chills and fatigue. The New Mexico Department of Health says flu season cases are widespread and they think it's just getting started.

How to get Epona in Breath of the Wild
Dohta outlined how most action games are made up of the same components: collision, movement, and object states. Giant Bomb said the sense of wonder in Breath of the Wild is akin to A Link to the Past , and Ocarina of Time .