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Published on Oct 7, 2016
Shares
of Deutsche Bank were in focus Friday on word that the bank is
exploring several capital-raising options. According to the Financial
Times, the bank is working on a public listing of its asset management
division to "rebuild its capital buffers," once it has reached an
expected settlement with the U.S. Department of Justice for its
involvement in the housing crisis. CEO John Cryan is expected to meet
the with the Justice Department today, a source told the FT, but added
that a deal was unlikely to be struck during his visit. Deutsche Bank's
asset management business has 719 billion euros under management and
could be valued as high as 8 billion euros, according to the FT. Since
confirming that the U.S. is seeking a $14 billion settlement, shares of
Deutsche Bank have dropped more than 11%.
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