Deutsche Bank headquarters in Frankfurt, Germany, photographed Monday, May 19, 2014. (AP Photo/Michael Probst)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Deutsche Bank has asked shareholders for 8 billion euros ($11 billion) in new cash to strengthen its balance sheet ahead of European stress tests and to help fund an expansion in U.S. investment banking as its rivals retreat.Qatar's royal family will become a major investor in Germany's largest bank under the plan, unveiled as Deutsche Bank delayed or diluted most of its 2015 turnaround targets, saying the cost of scandals and new capital rules would remain high.The capital increase gives Deutsche firepower for the investment banking drive after a pull-back by Barclays and others left a gap that it aims to fill as Europe's top debt trader. The new money helps the bank bolster the capital ratios used by regulators as the European Central Bank runs the region's top banks through rigorous checks before it becomes the eurozone's leading banking watchdog in November.A post-tax return on equity of 12 percent will come in 2016, the bank said, one year later than previously promised.Until now, Deutsche Bank had targeted a core tier 1 equity ratio of 10 percent under the Basel III bank rules in their most stringent form as of March 2015 .
FOLLOW THIS ARTICLE