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GERMANY–Deutsche Bank said Monday it will raise €2.8 billion ($3.65 billion) in fresh capital in a dramatic about-face for the bank, which has repeatedly said it won't turn to shareholders for help boosting its capital cushion. The bank, Europe's second-largest by assets, has long faced doubts from investors and analysts about whether it has enough capital to absorb potential future losses and to meet increasingly stringent regulatory requirements. On paper, Deutsche Bank had one of the thinnest capital ratios of large European banks.  The Basel rules don't fully kick in until 2019, but banks across Europe are under pressure from regulators and investors to comply with the rules well before then. Few investors or analysts expected the bank to meet the targets in 2013.  The size of Deutsche Bank's capital hike is relatively modest compared with what some bankers, analysts and investors think it needs. Analysts previously estimated the bank needs up to €10 billion. Deutsche Bank executives have been meeting in recent weeks with senior investment bankers to sound them out about how much capital the bank would need to raise to placate investors, according to people who participated in the meetings. The bankers' response: Deutsche Bank should come up with at least €6 billion and possibly as much as €10 billion to put the capital concerns behind it, these people said. The bank's change-of-heart apparently stemmed from executives' frustration with the lack of reaction among investors to the bank's strategic changes, according to industry officials. The bank's management felt they could raise a token amount to alleviate market concerns without destroying credibility, these people said. "This is a blatant U-turn," said a senior investment banker who was involved in the talks. "It's a real climb-down for them."  The timing of the capital increase could raise questions because earlier this year, with Deutsche Bank's stock trading more than 15% above its current levels, executives insisted they had no plans to raise new capital. If they had proceeded with the share sale at the time, they could have raised more capital by selling a fewer number of shares, a preferable outcome for the bank's existing shareholders. While Deutsche Bank didn't disclose the terms of the share sale, industry officials said the deal's structure would likely involve a small number of big institutional money managers picking up the shares at a small discount to the stock's current trading price. Because the share sale is relatively small, Deutsche Bank doesn't need to go through the process of offering all existing shareholders the right to participate, a potentially costly and complex process that Deutsche executives were eager to avoid....NOW, WE ALL KNOW THAT THE fed PUMPED OVER 25 TRILLION DOLLARS IN THIS BANK IN THE PAST TWO YEARS !!! Show us the money Mrs. Merkel !!!!