BREAKING: Doom for Deutsche Bank as largest lender Qatar ‘pulls plug on future equity’

14 Oct

The bank has repeatedly stated that it doesn’t need to raise fresh capital but this latest development is only set to hit them hard.

Qatar sunk £1.57bn into Deutsche Bank two years ago as part of an €7.2bn (£6.5bn) capital increase, at the time paying €29.20 (£26.36) a share.

Now with the share price having plummeted 45 per cent this year, they are said to have become concerned after losing almost €1bn (£900,000).

Yesterday the bank announced a jobs freeze leaving serious concerns over its future.


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