Deutsche Bank cut to sell at Gold­man on US cap­i­tal

The Pak Banker - - COMPANIES/BOSS -

Deutsche Bank headed for the low­est level this year af­ter Gold­man Sachs Group cut the com­pany to sell from hold, say­ing it may have to trans­fer $13 bil­lion to its US unit un­der new cap­i­tal rules. The stricter re­quire­ments may hurt profit at Europe’s big­gest bank by as­sets and re­quire it to ask share­hold­ers for more money, Gold­man Sachs an­a­lysts in­clud­ing Jernej Oma­hen said in an e-mailed report Fri­day. “Such an in­tra­group trans­fer would cause a sharp re­duc­tion in Deutsche Bank’s non-U.S. cap­i­tal­iza­tion\.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.