FRANKFURT, Germany (AP) — Deutsche Bank’s co-CEO says the bank decided on a 4.8 billion euros ($5.2 billion) capital increase so it could meet its goals for stronger financial reserves “in one fell swoop.”

Anshu Jain said Tuesday the increase was “a tremendous opportunity and one we felt we had to take.”

Recommended Stories

El Sayed ‘can’t denounce’ controversial ad tying Israel aid to grocery prices: Tiana Lowe Doescher

What ‘never again’ actually requires

Voters prefer Democrat-controlled Congress days before elections, poll shows