Deutsche Bank Chief Tells Shareholders 'transformation Is Working'

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Deutsche Bank Chief Tells Shareholders 'transformation Is Working'

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Deutsche Bank Chief Tells Shareholders 'transformation Is Working'

by Wochit 0:51 mins

Deutsche Bank Chief Tells Shareholders 'transformation Is Working'

by Wochit 0:51 mins

Deutsche Bank AG defended plans to raise 8 billion euros in equity capital on Thursday, as its top executives faced angry investors at the annual shareholders' meeting, less than a week after announcing the surprise plan. Germany's largest bank launched the share issue only weeks after first hinting it was unable to retain sufficient profits to fortify its finances ahead of the industrywide health checks due to be conducted by European regulators this year. co-Chief Executive Anshu Jain said,"You should trust us because the transformation of Deutsche Bank is working, because we are doing what we said, step by step, because we're strengthening capital and reducing risk"

Wochit

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