Deutsche Bank secures backing from largest investor

Frankfurt

DEUTSCHE Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles to restore market confidence undermined by a demand by US authorities for up to US$14 billion over mis-selling allegations.

Qatari investors who own the largest stake in Germany's largest bank do not plan to sell their shares and could consider buying more if it decides to raise capital, sources familiar with Qatari investment policy told Reuters. "Purchasing more (Deutsche Bank) stock - that could be considered . . . which is not to say there are any imminent plans to do that," said a source close to the Qatari investors who own just below 10 per cent in Deutsche Bank. The source declined to be identified as the matter is confidential.