Deutsche poised to raise capital

first_img whatsapp Deutsche poised to raise capital More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Thursday 9 September 2010 9:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan DEUTSCHE Bank (DB) is set to announce the City’s biggest rights issue of the year next week, coinciding with talks to finalise the Basel III banking capital rules. The German giant has made plans for a share offering worth up to €9bn (£7.4bn), people close to the situation said yesterday, in what would be its first money-raising exercise since the financial crisis.Deutsche Bank (DB) has previously stated it would only sell more shares to fund an acquisition. The primary goal on this occasion is understood to be smaller retail bank Deutsche Postbank, in which the group already holds a 30 per cent stake.However, Postbank has a market capitalisation of just €5.7bn, leaving DB free to boost its own capital base with the leftover cash.While DB passed European stress tests in July, its core Tier 1 capital ratio has fallen from 8.7 per cent in December to 7.5 per cent in June, according to its latest results.Officials close to the Basel III committee said yesterday the new rules would require all banks to hold between seven and nine per cent in Tier 1 capital, leaving DB near the bottom end of the acceptable range. Deutsche Postbank, which failed the European stress tests in July, also lingers near the danger zone. Regulators are also considering a proposal to impose an extra capital buffer as part of the new system, said reports yesterday, which would force banks to put aside more capital in times of plenty to protect them from a downturn. This means the Tier 1 minimum could rise as high as 12 per cent if regulators move to stop the economy overheating. Share KCS-content While most UK banks already meet these higher requirements, others including DB and Allied Irish may be forced to boost their capital reserves before the rules come into force as soon as 2012.Talk of the Basel III rules came as a relief to many banks yesterday, however. Stocks in the UK and Europe hit four-month highs after the rules appeared to be less stringent than feared.Andreas Zoellinger, co-manager of the BlackRock euro-markets fund, said yesterday: “We think that the Basel III rules will be less harsh for the banking sector than feared six to 12 months ago.”Finance ministers from 27 countries will meet on Tuesday to approve the package of rules, which will be thrashed out on Sunday by central bank governors including Bank of England head Mervyn King. A spokesperson for Deutsche Bank declined to comment last night. Show Comments ▼ whatsapp Tags: NULLlast_img

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