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Deutsche+Bank+to+raise+billions+with+rights+issue
Monday, 06 March 2017 - 7:51
Deutsche Bank to raise billions with rights issue
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Deutsche Bank plans to raise about 8 billion euros by issuing new shares.

The share sale by the troubled German bank is part of a wider shake-up.

The bank will partially float its asset management business and retain Postbank - the retail banking business it had been expected to sell.

Deutsche will be reorganised around three divisions: private banking and wealth management; asset management; and corporate and investment banking.

 

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