Deutsche Bank Plans $8.5 Billion Capital Raising, Partial Asset Management IPO

Deutsche Bank Plans $8.5 Billion Capital Raising, Partial Asset Management IPO

Shares in Deutsche Bank fell earlier after Bloomberg reported that the lender was studying its strategic options, including a capital increase and the partial sale of its asset management business.

Other restructuring moves: Deutsche Bank will combine its Postbank unit, which offers banking in post offices, into its Private & Commercial Bank.

Selling a stake would dent the advantage Deutsche Bank gains from the asset-management division's profits, which are predictable compared with more-volatile investment-banking and trading profits. Cryan will take direct oversight for the United States operations, and the firm is recombining its investment banking and trading units after splitting the two in 2015. "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 bank has raised capital two others times in the past four years.

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Schenck will also become co-head of the investment bank alongside Garth Ritchie, who now heads the bank's bond and equities trading activities.

A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany September 30, 2016.

Numerous bank's investors see it as a necessary move despite the billions already plowed into the bank in the past seven years. "The capital increase will reinforce our financial strength substantially", John Cryan, Chief Executive Officer (CEO) of Deutsche Bank since June 2015, said in the press release.

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Deutsche Bank's capital position has always been a topic of discussion on Wall Street, and questions about capital have dominated recent earnings calls.

Deutsche Bank AG is a Germany-based global investment bank.

Cryan said that the bank did talk about the rights issue with one of Deutsche Bank's major shareholders and was told the shareholder would take up its subscription rights. In 2015, the bank separated them in restructuring.

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Deutsche Bank also announced today it had made a "positive start in the first two trading months of 2017".

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