Deutsche Bank settles 60% of Postbank lawsuit, affecting Q3 profit by 430M euros.
Deutsche Bank has reached settlements with 60% of plaintiffs in a lawsuit over underpaying during its acquisition of Postbank. These agreements will cost about 45% of the 1.3 billion euros set aside for litigation in April and are expected to positively impact the bank's Q3 profit by 430 million euros. This resolves years of litigation and helps Deutsche Bank move past the issue that has cast a shadow on its operations.
August 21, 2024
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