Deutsche Bank, under pressure from regulators and investors to bolster its reserves, is considering raising up to €3bn in new capital through a sale of stock in the coming months, according to people familiar with the matter.

The plans are at an advanced stage, but a final decision hasn't been made and will depend on the bank's share price and other factors, the people said. The issue is a subject of intense debate within the bank, with some senior executives arguing that the bank can meet its capital goals in a timely fashion without resorting to a sale, they said.