Home / Personal finance / Deutsche Bank shares fall after €8bn cash call quoting : “CNBC”

Deutsche Bank shares fall after €8bn cash call quoting : “CNBC”

collected by :Tod Hinery

as informed in

It puts Deutsche Bank on course to have raised more than its entire €26bn market value in the past seven years, according to Reuters’ calculations.
Deutsche Bank shares, which had fallen by more than 1pc last Friday on reports it was considering raising fresh capital, fell a further 6pc yesterday.
Deutsche Bank is planning to IPO a minority stake in its asset management business, including its DWS retail asset management, which analysts have said is worth €8bn.
Deutsche Bank’s request for shareholders to sign an €8bn cheque to back its new strategy got a lukewarm reception on Monday from investors who want more detail on its plans.
Instead, it now wants to reintegrate it into its other German retail banking business.

as informed in

Europe markets close lower; Deutsche Bank slides 7.9%*/

By contrast, Standard Life and Aberdeen Asset Management were at top of the regional index, up more than 6 percent and 4 percent respectively.
Standard Life has agreed to a $13.5 billion merger with Aberdeen.
Banking stocks were also down by about 1.23 percent, with shares of German lender Deutsche Bank at the bottom of the European benchmark, down almost 8 percent.
The lender announced it would raise 8 billion euros ($8.5 billion) to boost its capital position and has set new financial targets.
General Motors said it would sell its European operations to PSA Group, making the French company the second largest automaker in Europe.

read more
visit us

shares

Check Also

US bank loans

US bank loans Choose what you need

The US bank loans divide into Home equity, Auto, personal, boat, RV loans. let’s talk …