Deutsche Bank moves to fortify balance sheet

Apr 29, 2013, 2:29 PM EDT
File picture shows co-Chairmen of Germany's largest business bank, Deutsche Bank, Anshu Jain (R) and Juergen Fitschen as they arrive for the bank's annual news conference in Frankfurt, January 31, 2013.
REUTERS/Kai Pfaffenbach/File

Deutsche Bank says it plans to raise €2.8 billion ($3.7 billion) in new capital as it plays catch-up with better-capitalized peers. Germany's flagship bank is just one of several European banks now raising capital, including Germany's second largest bank, Commerzbank, Russia's second largest bank, VTB and Greek and Spanish banks.