Deutsche Bank stock skids down after disclosing €1.3B Postbank provision
Deutsche Bank (NYSE:DB) stock tumbled 8.4% in U.S. trading on Monday morning after the lender reported on Friday that it will record a provision of €1.3B (US$1.4B) relating to its 2010 takeover of Postbank.
Deutsche Bank's topsy-turvy history with Postbank
Deutsche Bank has said it could be on the hook for up to 1.3 billion euros ($1.39 billion) in claims from a long-running lawsuit alleging it underpaid shareholders for its purchase of retail banking division Postbank.
Deutsche Bank May Settle Postbank Case to Cut Hit, Analyst Says
Deutsche Bank AG may end up agreeing to settle its latest legal issue out of court in a bid to reduce the impact on profitability, according to Mediobanca.
Deutsche Bank Shares Sink After It Warns of $1.4 Billion Hit From Postbank Takeover
Deutsche Bank shares dropped Monday after the German lender said it may have to pay up to 1.3 billion euros, or about $1.4 billion, to shareholders in a rival bank it bought more than a decade ago. A full €1.
Deutsche Bank shares slide on €1.3bn Postbank hit
Germany’s largest lender hints at potential settlement over long-running court saga linked to 2010 takeover offer
Deutsche Bank to Assess Options for Possible Postbank Settlement
FRANKFURT (Reuters) - Deutsche Bank said on Sunday that it would "carefully assess" options for a possible settlement in litigation over its takeover of Postbank that has required it to make provision for claims of up to 1.3 billion euros ($1.39 billion).
Explainer-The trio of problems dogging Deutsche Bank’s Postbank arm
Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany's largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank during the
Deutsche Bank expects Postbank litigation to hit Q2, full-year profit
German lender Deutsche Bank expects ongoing litigation concerning its acquisition of postal service retail bank Postbank to affect second-quarter and full-year profitability. The Higher Regional Court of Cologne on Friday assessed claims from former Postbank shareholders contending that a higher offer price should have been paid in connection with Deutsche Bank's voluntary takeover offer in October 2010.
Deutsche Bank shares slip after lender sets aside $1.4 billion to settle Postbank lawsuit
Deutsche Bank shares fell 8% on Monday after the German lender warned it could be forced to pay out up to €1.3 billion ($1.4 billion) to settle a lawsuit over claims it underpaid Postbank’s shareholders during its takeover of the lender in 2012.
Deutsche Bank falls 9% after Postbank litigation woes resurface
Deutsche Bank shares were down 9% on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to 1.3 billion euros ($1.39 billion).
Deutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
Germany's biggest lender got a shock when a preliminary ruling suggested it could be on the hook for a massive fine.
Erneuter Postbank-Schock für Deutsche: Fünf Themen des Tages
Arno Schütze über die Vergangenheit, die Deutschlands größte Bank einfach nicht loslässt. — Abonnieren Sie unseren Newsletter ...
Deutsche Bank Anticipates Postbank Legal Provision To Impact Q2 And FY Profitability
(RTTNews) - Deutsche Bank has provided updates on the ongoing litigation concerning its acquisition of Postbank, revealing that a legal provision will affect its second-quarter and full-year ...
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European stocks eke out gains after German inflation data; Deutsche Bank drops
European shares closed below day highs on Monday after Germany reported higher-than-expected inflation, while Deutsche Bank had its worst day in over a year as worries around its Postbank acquisition ...