Deutsche Bank to ease fears in $5.4bn debt buyback

Deutsche Bank plans to buy back about $5.4bn of bonds in euros and dollars as it seeks to allay investor concerns about its finances.

The bank is seeking to bolster confidence after credit-default swaps insuring its subordinated debt rose to the highest since at least 2002, according to data compiled by Bloomberg.

The German lender was the largest in at least four years to feel compelled to reassure investors that it has enough funds to service its obligations.