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Saturday, 8 October 2016

Qatar 'won’t sell Deutsche Bank shares, might buy more' | GulfNews.com

Qatar 'won’t sell Deutsche Bank shares, might buy more' | GulfNews.com:

"Qatari investors who own the largest stake in Deutsche Bank do not plan to sell their shares and could consider buying more if the embattled German bank decides to raise capital, sources familiar with Qatari investment policy told Reuters.
Funds controlled by Qatar’s former Prime Minister Shaikh Hamad Bin Jasem Al Thani bought 6.1 per cent of Deutsche in mid-2014 and increased their stake to just under 10 per cent, including options, in July this year.
But Germany’s biggest bank has been engulfed by a crisis of confidence since last month after the US Department of Justice demanded up to $14 billion to settle claims that the bank mis-sold US mortgage-backed securities before the financial crisis. It is fighting the fine but may have to turn to investors for more money if it is imposed in full."



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