(Reuters) Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses.
The strategic revamp, decided at a supervisory board meeting on Sunday, follows a net loss of 1.4 billion euros last year and is part of the lender’s push to draw a line under a string of scandals that have hammered its balance sheet since 2012.
The decision marks a retreat from a strategy announced less than two years ago when the bank separated its investment banking and markets business, and heralds its fourth capital hike since 2010.
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