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Stock Market & Financial Investment News

News Breaks
May 18, 2014
20:17 EDTDBDeutsche Bank announces capital increase with Qatar taking stake
Deutsche Bank announced a capital increase with proceeds expected to be approximately EUR8B. The capital increase will include an ex-rights issue of EUR1.75B which has already been placed with an anchor investor and a fully underwritten rights issue. The rights issue is expected to raise EUR6.3B of new equity. The capital measures will increase the Common Equity Tier 1, CET1, ratio by approximately 230 basis points from 9.5% at the end of the first quarter 2014 to 11.8% on a pro forma CRD4 fully-loaded basis. This increase follows significant strengthening of this ratio, which stood below 6% in mid 2012, under Strategy 2015+. These measures will substantially increase the Bank’s capital ratio, provide a buffer for future regulatory requirements, and support targeted business growth. Deutsche Bank placed approximately 60M shares at a price of EUR29.20 per share with Paramount Holdings Services Ltd., an investment vehicle owned and controlled by His Excellency Sheikh Hamad Bin Jassim Bin Jabor Al-Thani of Qatar, who intends to remain an anchor investor in Deutsche Bank. Additionally, through the rights issue, Deutsche Bank expects to issue up to 300M new shares. The rights offering will be led by Deutsche Bank as global coordinator and bookrunner. A syndicate of banks have agreed to a firm underwriting of the new shares. Subject to the approval by the BaFin, a securities prospectus is expected to be published on 5 June 2014. The subscription period is expected to run through 24 June 2014.
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July 30, 2015
06:51 EDTDBDeutsche Bank co-CEO says performance in Q2 doesn't reflect potential
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06:49 EDTDBDeutsche Bank reports tangible book value per share down 4% to EUR 39.42
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06:48 EDTDBDeutsche Bank reports Q2 net income EUR 818M vs. EUR 238M last year
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06:39 EDTDBDeutsche Bank CEO Cryan says Q2 results underscore problems, FT says
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