Southpaw: Ackermann is told to raise capital for DB to regain the initiative
Deutsche Bank has never had higher capital ratios despite escaping the need to make any big calls on shareholders during the credit crisis. But activist hedge fund Algebris wants the bank to regain the strategic initiative with a capital raise — before its strength turns into weakness. David Rothnie reports.
Josef Ackermann should sign off on a capital increase for Deutsche Bank if the bank is to consolidate its status as a winner from the financial crisis or risk losing out to resurgent rivals.
That is the view of Davide Serra, founding partner of hedge fund Algebris, known
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