Deutsche Bank boosts finances with new capital

Published May 19, 2014 10:21am ET



FRANKFURT, Germany (AP) — Deutsche Bank AG says its plan to raise 8 billion euros ($11 billion) in new capital from investors will strengthen its finances as it faces tighter regulation and uncertain costs from litigation.

Co-CEO Anshu Jain told analysts during a conference call Monday that the fresh capital would also help it meet “unforeseen challenges” that may lie ahead. Jain said it was “impossible to quantify” the additional demands regulators may place on banks as they press ahead with efforts to make the financial system more resistant to trouble.

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