Deutsche Bank completes $8.5 billion cash-raising exercise

April 7, 2017 10:28 AM

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FRANKFURT, Germany – Germany's struggling Deutsche Bank says it has completed its effort to raise 8 billion euros ($8.5 billion) from investors through the sale of new shares.

The Frankfurt-headquartered bank said in a statement Friday that the transaction strengthened its capital and leverage ratios, two measures of financial resilience. Its Common Equity Tier 1 capital ratio of 11.8 percent at the end of last year would have been 14.1 percent with the proceeds from the ...

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