|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    22nd of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Banking News feed Banking News

All Financial News feed All Financial News

Deutsche Bank to tap investors for cash

Bookmark and Share

by Kay Mitchell
Deutsche Bank to tap investors for cash

Germany’s largest lender, Deutsche Bank, is set to embark on a €9 billion (£7.4 billion) rights issue to strengthen its balance sheet.

Shares in the bank were down more than 5% in pre-market trade following the announcement.

According to analysts, the cash call is set to be the first in a series of fundraisings by banks throughout the world.

“This reinforces worries about the health of European financial institutes,” Close Brothers Seydler wrote.

The National Bank of Greece launched a rights issue earlier this week, and more lenders in Greece, Spain, Portugal and Italy are expected to follow suit.

Discuss this in the Finance Markets forums

Story link: Deutsche Bank to tap investors for cash

News posted: September 10, 2010

Financial Services:

Related financial stories to: Deutsche Bank to tap investors for cash:
Previous: «
Next: »

Visited 2626 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , ,