deutsche bank shares plunge 60 on news of capital increase
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Deutsche Bank shares plunge 6.0% on news of capital increase

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Arab Today, arab today Deutsche Bank shares plunge 6.0% on news of capital increase

Frankfurt economy
Frankfurt am Main - Arab Today

Shares in Germany's biggest lender Deutsche Bank fell as much as 6.0 percent as the Frankfurt market opened Monday, hours after the bank announced it would raise cash by issuing new shares.

Shares in the bank were down 5.4 percent to trade at 18.10 euros ($19.20) just before 0815 GMT, making Deutsche the worst performer on the Dax index of leading German companies.

Sapped by heavy losses, Deutsche on Sunday said it would deepen a long-running restructuring to focus on home market Germany and raise 8.0 billion euros in new capital.

 
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