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May 1, 2013

Fears Remain After Deutsche Bank's Cash Haul

“Deutsche Bank AG’s surprise €2.96 billion ($3.88 billion) capital raising on Monday bumped a measure of its health over an important regulatory threshold. But a big question remains: Is it enough?

“Investors applauded the decision, pushing shares up 6.1% in trading Tuesday on the back of strong quarterly earnings and the increase in capital, which allowed the bank to meet regulatory targets well beyond of market expectations.

“Deutsche Bank’s stock has risen about 20% since Jürgen Fitschen and Anshu Jain took over in June as co-chief executives. But they have struggled to overcome a series of legal setbacks and doubts about the bank’s stability.

“Despite the rally, some worry that Deutsche’s capital-light U.S. business and a cloudy profit outlook mean that Germany’s biggest bank might need more capital soon.”

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Read full Wall Street Journal article here

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