Deutsche Bank board to meet Sunday to discuss capital hike

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

FRANKFURT, March 4 — Deutsche Bank’s supervisory board will meet tomorrow to discuss plans for a potential capital increase of around €8 billion (RM37.4 billion), two sources familiar with the matter said today.

Germany’s biggest bank said today it was also examining several strategic measures including an initial public offering of a minority stake in its asset management business as well as retaining its Postbank unit and integrating it into its other German retail business.

The meeting tomorrow is expected to take place around noon, the sources said. — Reuters

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