Deutsche Bank CEO Reverses Course With Overhaul to Raise Capital

Deutsche Bank AG Chief Executive Officer John Cryan is reversing course less than two years into his new strategy, announcing an overhaul that includes offering 8 billion euros in stock, selling part of the asset management business and reintegrating Postbank. “It’s a positive step forward that we take the brave step of admitting we were going in the wrong direction,” Cryan said on Sunday.