DB Stock Recent News
DB LATEST HEADLINES
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 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.
Deutsche Bank on Friday said it expected to be impacted by a legal provision in the second quarter of 2024 after a court indicated it may find claims of certain former Postbank shareholders linked to the unit's takeover valid.
Deutsche Bank's (DB) first-quarter earnings benefit from higher revenues in the Investment Bank and Asset Management segments, along with lower costs. However, a rise in provisions remains a concern.
Deutsche Bank has named Oliver Jerome as head of European foreign exchange in London as the lender boosts its forex desks, according to a note sent internally.
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.