John Cryan , CEO of Deutsche Bank , has failed to secure a deal over the weekend with the US Department of Justice , which recently fined the bank $ 14bn for the misselling of mortgage - backed securities . Shares increase more than 3 % on Monday . mark Torrison , managing director for McLaren Securities advises investors to " steer clear , " and believes the bank will continue to have a rights issue . When the final amount is reached , the bank is required to issue new shares and/or sell assets to ensure its capital ratio remains within the regulatory limits .
John Cryan, CEO of Deutsche Bank, has failed to secure a deal over the weekend with the US Department of Justice, which recently fined the bank $14bn for the misselling of mortgage-backed securities. Shares fell more than 3% on Monday. Terry Torrison, managing director for McLaren Securities advises investors to "steer clear," and believes the bank will need to have a rights issue. When the final amount is known, the bank is expected to issue new shares and/or sell assets to ensure its capital ratio remains within the regulatory limits.