Troubled lender: Pedestrians shelter under umbrellas as the twin tower skyscraper headquarters of Deutsche Bank AG stand in Frankfurt. Germany has been moving to fix Deutsche Bank as shares of the lender have slumped by almost half in the past year. — Bloomberg
FRANKFURT: Deutsche Bank AG has secured a commitment for additional investment from Qatar as the troubled German lender seeks to bolster its finances, according to people with knowledge of the matter.
The investment is likely to be made through the Qatar Investment Authority (QIA), the country’s sovereign wealth fund, the people said, asking not to be identified because the talks are private. Two other Qatari investment vehicles, controlled by members of the royal family and other prominent politicians, already own a stake.
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