, Columnist
Deutsche Bank Should Sell, Sell, Sell
So much for the notion that diluting banks' shareholders is necessarily
bad for them. Deutsche Bank shares were up as much
as 7.9 percent this morning after Germany's largest bank sold
2.96 billion euros of stock.
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So much for the notion that diluting banks' shareholders is necessarily bad for them.
Shares of Deutsche Bank AG were up as much as 8.5 percent this morning after Germany's largest bank sold 2.96 billion euros ($3.88 billion) of stock at 32.90 euros each. Only a few months ago, Deutsche Bank's co-chief executive officer, Anshu Jain, said issuing new shares wasn't in investors' interests. Oh well.