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Deutsche Bank's management has reached a pay deal with unions for thousands of workers at its Postbank division, putting an end to months of wrangling, both parties said on Thursday.
BT Group is suffering from a dearth of good news, suggests Deutsche Bank, and its new chief executive has done nothing yet to alleviate the mood. Full-year results are due on 16 May but don't hold your breath for a reset of the agenda at the telco, is the German bank's view.
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 shares fell 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 €6 billion takeover of the lender in 2012.
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 Bank shares were 4.9% lower in premarket trade on Monday after news that Germany's largest lender could be on the hook for up to 1.3 billion euros ($1.39 billion) in a yearslong lawsuit claiming it underpaid in its purchase of Postbank.
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).
Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year profitability.
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