View more on these topics

Deutsche Bank likely to request €17bn at AGM

Media reports suggest Deutsche Bank will request permission to raise up to €17bn for the purpose of acquisitions.

The request is likely to take place at the bank’s annual general meeting tomorrow, a German newspaper that holds a copy of the meeting’s agenda reports.

The bank is likely to ask for permission for a rights issue for around €4bn in addition to a possible €4bn capital hike approved two years ago.

It is suspected an additional €9bn will be raised through issuing participation rights and bonds.


B2L withdrawal will not affect sector

Another week, another lender changes its product range. Last week it was Abbey, and the changes we have made are likely to generate more hyperbolic headlines than any others since the mortgage market started to feel the effects of the credit crunch.

Mortgage Times Group places staff into consultation

The Mortgage Times Group has put a number of staff on consultation, after a downturn in business.The potential redundancies will be from both its network and packaging arms, but not from its compliance division. Payam Azadi, marketing director at Mortgage Times, says: “Its no big secret that companies are looking at their business and staff […]

Cattles rustles up rights issue

Sub-prime lender Cattles has launched a 200m rights issue to be underwritten by Citigroup and HSBC. The lender says that although it has received strong support it will use the rights issue to diversify its funding and finance its long-term growth.

How we’re challenging challenger banks

The bridging market has enjoyed an excellent couple of years and, as a result, has seen a succession of new lenders enter the market. That competition has forced all of us to look carefully at how we price bridging loans. Over the past few months we have spent a lot of time on adjusting the […]


News and expert analysis straight to your inbox

Sign up