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Deutsche Bank shares leap on report investors may raise stake
MARKETWATCH 10:11 AM ET 10/20/2016
Symbol Last Price Change
DB 14.2399up +0.3799 (+2.74%)
QUOTES AS OF 10:14:02 AM ET 10/20/2016
Deutsche Bank AG (DB) shares jumped as much as 4.2% Thursday following a report the embattled German lender may land more cash from some of its investors. The sovereign wealth funds from Abu Dhabi and Qatar and investors from China are willing to increase their total stake in the bank to 25% if the company had to raise more capital, according to Germany's Manager Magazin. Deutsche Bank(DB) has been trying to work out a settlement with the U.S. Department of Justice stemming from the sales of mortgage-backed securities, and the DOJ had sought $14 billion from Deutsche Bank(DB).

-Carla Mozee; 415-439-6400; [e-mail]


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10-20-161011ET
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