Massive cuts to its balance sheet and the creation of a non-core unit have done little to lower the need for fresh capital at deutsche bank, with the firm forced to find more than €lbn of additional equity in the first quarter alone after reclassifying its assets to comply with new rules. The latest capital bill comes despite the bank offloading €396bn of assets - almost a fifth of its entire balance sheet - over the past year, illustrating how leveraged Deutsche's business has been in recent years compared with its peers, and the uphill struggle the bank now faces to adjust to new rules.
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