Begin typing your search...

    Deutsche Bank to assess options for possible Postbank settlement

    Germany's largest lender made the statement as part of a Q&A for investors posted on its website.

    Deutsche Bank to assess options for possible Postbank settlement
    X

    Representative image

    FRANKFURT: Deutsche Bank (DBKGn.DE) 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).

    Germany's largest lender made the statement as part of a Q&A for investors posted on its website.

    "We will continue our legal analysis and ... carefully assess our options for a potential settlement. We have not made any decisions in this regard yet," it said.

    Late Friday, the bank announced it would be making an undisclosed provision in the years-old case, affecting its earnings, after a court hearing earlier that day indicated "that it may find elements of these claims valid in a later ruling".

    In addition, Deutsche said in its disclosure on Sunday that it was too early to know whether it would apply for another share buyback in 2024.

    Reuters
    Next Story