Deutsche Bank prepares 8 billion-euro capital increase
"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 said it will keep its Postbank consumer division and cut total costs to 22 billion euros by 2018, the Frankfurt-based company said in a statement Sunday. That is a reversal of costly plans announced in 2015 to separate the business in preparation for a spinoff.
"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.
Other restructuring moves: Deutsche Bank will combine its Postbank unit, which offers banking in post offices, into its Private & Commercial Bank. "The sale of a minority stake in the asset management is something in the right direction", the source said. Deutsche Bank had been looking for a buyer for Postbank.
Mr Schenck will also become co-head of the investment bank alongside Garth Ritchie, who runs the bank's bond and equities trading activities.
Project Scorpio May Be Revealed Sooner Than Expected
It features two LCDs, audio and microphone support through a 3.5mm jack, and a single cable with USB 3.0 and HDMI ports. The mixed reality technology of Microsoft basically combines the features of Virtual Reality and Augmented Reality.
Louisville Beats Notre Dame, 71-64
The program's other senior, walk-on Patrick Mazza, almost brought the building down with a two-handed dunk in the closing minutes. Beachem and fellow senior Steve Vasturia have helped the Irish win 79 games - a school record - over the past three seasons.
'The Legend Of Zelda: Breath Of The Wild' Latest Review
This, in turn, shakes up the traditional progression Zelda games have always followed, save for A Link Between Worlds on the 3DS. It took away Prince, David Bowie, Gene Wilder , and Carrie Fisher, plus some really weird HD remaster problems.
Losses and mounting legal bills raised doubts about Deutsche Bank's financial strength, which intensified after the U.S. Justice Department in September demanded $14 billion to end an inquiry into mortgage securities that fueled the 2008 financial crisis.
The bank said the share sale would boost its common equity Tier 1 ratio to 14.1 percent and set a new target of "comfortably above" 13 percent.
"We still need to manage two items in parallel, which is the capital buildup until the end of 2018 where we need to be or want to be at least at 12.5%, and we're committed to that and do everything that is necessary".
Numerous bank's investors see it as a necessary move despite the billions already plowed into the bank in the past seven years.
After unveiling plans to restructure the business into four units to much fanfare only a year and a half ago, the group's strategy has pivoted once again to further simplify the business model into three divisions.
Dubai Championships: Federer out, Donskoy has last laugh
Garcia-Lopez did put up a fight until the first three games of the first set before completely losing the plot. The world number one was in absolute control, especially in the second set losing only one point on his serve.
Public safety minister speaks at Manitoba-US border site of illegal crossings
Asylum seekers have been walking through snow-covered fields, often in frigid temperatures, to reach Canada. He says there are hundreds of unguarded roads that leading into Canada from the U.S.
President Trump supporters gather in downtown Nashville for rally
Bracketed by the state Legislature and the legislative office building, people carried signs and wore shirts backing Trump. Billy Powell of Wilmington held a handmade sign that said, "We are family All my deplorables and me".
Catholic high school earns millions from Snapchat IPO
The company raised $3.4 billion in an initial public offering this week, and its shares have popped 60% from the IPO price . Benchmark Capital, Lightspeed Venture Partners, and General Catalyst are among the investors that planned to sell shares.
Tori Spelling and Dean McDermott Welcome a Baby Boy
On Thursday (March 2), the Beverly Hills, 90210 alum gave birth to her FIFTH child with the Chopped: Canada host. The couple have admitted that the pregnancy was a total surprise.
Tottenham v Everton preview: Spurs target club record on Super Sunday
For me both would be in a list of the best 10 strikers in Europe. "For different qualities, both are great, great strikers". He has now scored more than 20 goals in each of the last three seasons which suggests he is here to stay at the top level.
Christian McCaffrey would 'love' to play for the Broncos
I've seen Christian, and I heard people question whether he'd be able to go from the high school level to the college level. McCaffrey addressed the question Thursday, then elected to move on. "Every single one of them supported me, had my back.
Stories, Seuss brought to life at Westminster Elementary School
Students in other school wore silly hats, silly socks, and shirts with words throughout the week. Photographs and information on the dress-up days will be posted on the school's Facebook page.
Kite Pharma, Inc. (NASDAQ:KITE) Declines -3.93% in Pre-market
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link . Analysts are also projecting an Average Revenue Estimate for Kite Pharma, Inc .as $5.6 Million in the Current Quarter.
More Flu Deaths Reported in NC Last Week
On average, flu season has typically lasted 13 weeks for the past 15 seasons, though it can last for as many as 20 weeks. Last month, the Centers for Disease Control and prevention said the flu was widespread in the state.