FRANKFURT, Germany, Feb. 12 (UPI) -- Deutsche Bank announced an offer to buy back $5.4 billion of debt, in an effort to improve investors' confidence in its liquidity, as well as its stock value.
The statement at its Frankfurt headquarters Friday afternoon caused its stock to rise10 percent, to $17.01, in premarket trading in New York. Prior to the jump, Deutsche Bank's stock had fallen 35 percent this year.