Deutsche Bank is planning to raise 8 billion (£6.5billion) in new capital from investors in an attempt to improve its capital strength.
Under the new plan, the bank will raise capital in new equity via a rights issue that will include selling 1.75 billion worth of shares to the Qatari royal family.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Additionally, the bank is also planning to hire bankers in the US and invest 200 million in Germany and Europe.
Deutsche Bank said that it will also expand its wealth management team by 15% in the next three years and will recruit up to 100 advisers to support its corporate clients.
The new fundraising will boost the bank’s Tier 1 common equity ratio from 9.5% to 11.8%.
Juergen Fitschen and Anshu Jain CEO’s of Deutsche Bank said: "These measures enable Deutsche Bank to position itself for long-term, sustainable success in a time of historic change in the global banking industry.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"Today, we are launching a package of measures designed to reinforce Deutsche Bank’s aspiration to be the leading client-centric global universal bank. We are decisively strengthening our capital, further improving our competitiveness, and investing in targeted growth initiatives across our core businesses," the duo added.
