It hopes the move will boost its position on the German home market and in Europe.
Deutsche Bank DBKGn.DE expects the re-integration of its Postbank unit to take three to five years, its chief executive said after Germany's top lender announced plans for an 8 billion euro ($8.5 billion) rights issue and a structural shake-up.
The €8 billion ($8.5 billion) capital raise will be launched on March 21, the bank said in a statement, and undertaken via the issuance of new shares with subscription rights for existing investors.
The issue is being underwritten by a number of other banks, including Credit Suisse, Barclays, Goldman Sachs, BNP Paribas, Commerzbank, HSBC, Morgan Stanley, and UniCredit, while Deutsche Bank itself is acting as global coordinator and joint bookrunner.
The plan to offer shares in the asset management business must be approved by German financial regulator BaFin.
Past year saw a number of scares about Deutsche Bank's ability to resist financial shocks, as it emerged among the weakest performers in the European Central Bank's stress tests and had to negotiate with the US Department of Justice (DoJ) over a $14 billion fine sought for its role in the subprime mortgage crisis.
Google Launches YouTube TV
At present, it will first launch in the United States , but Google will be angling to get rights to take this worldwide .... YouTube TV will offer other benefits to subscribers as well, even with the basic package.
The new structure will consist of a Private & Commercial Bank, Deutsche Asset Management and a combined Corporate & Investment Bank. Deutsche Bank AG has a 12-month low of €9.91 and a 12-month high of €19.95.
The bank reported a net loss of 1.4 billion euros for 2016.
Shares (Berlin: DI6.BE - news) in the bank plunged at several points throughout the year, including when news of the DoJ's demand became public in September and when several hedge funds later withdrew investments.
"We have always said that our strong preference was not to raise fresh capital when there were lots of other things we planned to do anyway" Cryan told CNBC at the World Economic Focus on January 18.
Deutsche Bank also said Sunday it plans to fold its German retail-banking unit called Postbank back into its ongoing operations. The lender will propose a dividend in May of 0.19 euros per share and is recombining its investment banking and trading units. A stake sale would allow the lender to hold on to a business that Deutsche Bank officials including Mr. Cryan have praised as an important part of the bank.
These applications appear to be rising in number, and the USCIS says it is suspending it in order to clear some of the backlog. The statement said that due to the surge in H-1B petitions, USCIS chose to temporarily halt the premium processing service.
Brenda Avelica, another of Avelica-Gonzalez's daughters, told KABC that her father had been living in the country for two decades. His 13-year-old daughter cried as she sat in the back seat of the family auto and videotaped her father being handcuffed.
TD Ameritrade Holding Corporation is a provider of securities brokerage services and related technology-based financial services. Personal Capital Advisors Corp raised its stake in shares of TD Ameritrade Holding Corporation by 16.2% in the second quarter.
Britain has also been one a fervent supporter of Western sanctions against Moscow over Russia's role in the Ukraine crisis. The announcement comes just days after Mr Johnson demanded Russian Federation return Crimea to Ukraine during a...
Most of the "1-2 Switch" games are undoubtedly fun, but most require you to look at your opponent rather than the screen. One minute you're combining ingredients at a cooking pot and experimenting to try to come up with different recipes.
MKM Partners reissued a "buy" rating and issued a $60.00 target price on shares of Big Lots in a report on Thursday, December 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.01) by $0.05.
With the new wearable ring-shaped device from i.Con, a British Condom company, tracking your sex life now has an all new meaning. The i.Con will also come with a one-year warranty for those of you who are left feeling, well , unsatisfied.
It's Hardaway Jr.'s second career 30-point game as well as a career high - he scored 33 points last month against Houston. The Spurs won their sixth straight while dropping New Orleans to 0-4 with DeMarcus Cousins in the lineup.
The documentation reveals that Samsung will channelize this new marketing term to describe its big bezel-free smartphone displays. The Samsung Galaxy Note 8 is expected to be tagged at a high price point, mainly its because the Samsung Galaxy Note 7 cost £749.
Although I realized I was not committed to my shots like I was before the rain, I tried to pull myself back. I'm just going to go out there tomorrow and just play aggressively and hopefully the putts can drop".
'Logan' Opens to Mighty $237.8 Million Globally
The Movie Talk team of Dennis Tzeng, Jon Schnepp and Perri Nemiroff dive in to give their SPOILER FILLED review of Logan . Unsurprisingly, Logan won the weekend with a huge $85.3 million opening, marking the best start for a Wolverine movie.
Law sets sights on West Indies' World Cup qualification
Liam Plunkett vs West Indies middle order: If Woakes dealt with the top order, it was Plunkett who took care of the middle order. At the very least they should certainly be more competitive than a dismissive price suggests.
China says defense spending increase to slow again
According to International Institute of Strategic Studies, the current United States defence budget was set at $598bn (£486.3bn). China considers this expansion as its legal right and a vital way to protect one of the country's main shipping lanes.
Mother allegedly tried to drown two sons in Murray River
Deniliquin commander superintendent Paul Condon said the "terrible story" will "rock the community of Australia". Locals who'd heard of her mentioned problems with drugs and run-ins with authority: "Chequered past", said one.
Craig Shakespeare coy on Leicester vacancy
Hull , who began the day second from bottom but just three points off the champions, were desperate for a crucial equaliser. But as I have said previously, I'm comfortable with that. "I can't control it and there's no point worrying about it".
Remy Ma's 2nd Diss Track is Overkill
Instead, Remy chose to try to make a " Back To Back " of her own [like Drake ] called " Another One ", and fell terribly short. Nicki hasn't responded to " Another One ", either, but Remy has not shown any signs of abandoning this fight.
(NYSE:ANF) has 1 year Price Target of $13.3
Its segments include Abercrombie, which includes the Company's Abercrombie & Fitch and abercrombie kids brands, and Hollister. For the current quarter, the highest estimate analysts provided is 1.1 Billion and the lowest is 986.5 Million.