Deutsche Bank Profit Jumps as Securities Unit Tops Estimates
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Deutsche Bank AG rose in Frankfurt trading as Co-Chief Executive Officer John Cryan dismissed speculation that the lender may tap investors to bolster capital.
“I am aware that there has been some speculation that we might be considering raising additional capital,” Cryan told analysts Thursday after the bank reported higher profit. “It’s my firm opinion that raising additional capital would not solve our core problem of reversing our low financial returns and our poor organic capital generation.”