As trading starts in around 687.5 million new Deutsche Bank shares, the German bank’s outgoing treasurer hopes the €8 billion rights issue has put worries about capital strength in the past - at least for now.

“We think we can credibly put this topic to bed,” Alexander von zur Muehlen told FN in an interview this week to discuss the deal. “[The capital raising] puts us, when you mark us versus other banks and our peer set, in a very healthy spot. It gives us a lot of breathing room to conduct business constructively and also not run the risk of having a similar debate to the one we had in 2016.”