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Deutsche Bank to raise $3.7 billion in share issue

By David McHugh
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FRANKFURT, Germany (AP) — Deutsche Bank said Monday it would raise 2.8 billion euros ($3.7 billion) by issuing new shares, a move to bolster its capital buffers in line with new global financial rules.

Germany’s largest bank said it would issue some 90 million new shares from authorized capital and place them with institutional investors, without a public offering. It also said it would raise up to 2 billion euros more in non-equity capital over the next 12 months.

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