Deutsche Bank shares dive on €9bn capital hike report

Shares in the German bank fall after reports Deutsche will issue shares to shore up capital

Germany's Deutsche Bank shares took a dive Friday following reports that it may issue up to €9bn in new shares to shore up capital and buy a bigger chunk of Deutsche Postbank.

Deutsche Bank owns just under 30% in Postbank and has the option to buy a majority holding by February 2012. On Thursday, Postbank chief executive Stefan Juette said he had no knowledge of when or if Deutsche Bank will exercise the option.

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