Explore stories from Atlantic Canada.
Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsFRANKFURT -Deutsche Bank shares were down 5.5% in early trade on Monday after news that a long-running lawsuit could cost Germany's largest lender up to 1.3 billion euros .
The issue is a blow to Deutsche, which last week posted better-than-expected earnings that boosted its shares. It is the lastest in a string of problems that have arisen from its purchase of the no-frills Postbank.Analysts at RBC cut its target price for Deutsche Bank, despite its"outperform" rating.
"It is disappointing that improved performance and a constructive operating environment are overshadowed by legacy litigation from a long time ago," RBC said. Deutsche Bank last Friday unexpectedly announced that it would make a provision to offset possible claims in litigation in the suit. It said it"continues to disagree strongly" with any view that it underpaid. The bank did not specify the amount it had set aside but noted that claims totalled about 1.3 billion euros.Deutsche said the provision would impact its second-quarter and full-year profitability.ADVERTISEMENT
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Explainer-The trio of problems dogging Deutsche Bank's Postbank armDeutsche 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)....
Lire la suite »
Explainer-The trio of problems dogging Deutsche Bank's Postbank armExplore stories from Atlantic Canada.
Lire la suite »
Deutsche Bank to assess options for possible Postbank settlementDeutsche Bank said on Sunday that it would 'carefully assess' options for a possible settlement in litigation over its takeover of Postbank that has...
Lire la suite »
Deutsche Bank to make provision for Postbank suit that will hit Q2 profitExplore stories from Atlantic Canada.
Lire la suite »
Deutsche Bank Sees €1.3 Billion Legal Provision Tied to PostbankDeutsche Bank AG said it may have to pay as much as €1.3 billion ($1.4 billion) to shareholders of Postbank AG over claims it underpaid for the company, which it took over more than a decade ago.
Lire la suite »
Deutsche Bank first-quarter profit jumps 10% as investment bank outperformsExplore stories from Atlantic Canada.
Lire la suite »