You are here

Deutsche Bank to raise up to 25.7b yuan from Huaxia sale

Frankfurt

DEUTSCHE Bank AG agreed to sell its 20 per cent stake in Huaxia Bank Co to PICC Property and Casualty Co as co-chief executive John Cryan advances plans to narrow the German company's focus and raise capital buffers.

The sale will generate as much as 25.7 billion yuan (S$

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom