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Deutsche Climbs the Capital Rankings 

May 21, 2014
Allen Mattich, Ben Wright, MoneyBeat

Deutsche Bank AG unveiled an €8 billion ($11 billion) capital raising exercise on Sunday. The move will raise its Basel III capital ratio from 9.5%, where it sits among the echelons of big European banks with relatively weak capital buffers, to an altogether more robust 11.8%.

This is just the latest in a series of efforts the bank has made to improve its capital adequacy, including some €80 billion worth of cuts in its risk weighted assets as well as a near €3 billion share placement in April 2013.

By the time the current capital raising is complete, Deutsche Bank’s capital ratio will have doubled from where it had been at the end of 2011.

Read more: MoneyBeat

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