Shares of Deutsche Bank were in focus Friday on word that the bank is exploring several capital-raising options. According to the Financial Times, the bank is working on a public listing of its asset management division to “rebuild its capital buffers,” once it has reached an expected settlement with the U.S. Department of Justice for its involvement in the housing crisis. CEO John Cryan is expected to meet the with the Justice Department today, a source told the FT, but added that a deal was unlikely to be struck during his visit. Deutsche Bank’s asset management business has 719 billion euros under management and could be valued as high as 8 billion euros, according to the FT. Since confirming that the U.S. is seeking a $14 billion settlement, shares of Deutsche Bank have dropped more than 11%.
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