Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago. The German ...
Deutsche Bank plans to write down the value of Postbank by about a third, ahead of a planned sale of the retail unit as part of a strategic overhaul, two people familiar with the matter said. Deutsche ...
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Postbank Has Yet To Apply For A Banking Licence
Postbank has not applied for a full banking licence, but says it is legally allowed to issue cards under the National Payment System Act. The Black Card rollout was abruptly suspended in April ...
Germany's largest bank has to set aside billions in a protracted legal dispute over the Postbank takeover. This has had a negative impact on the second quarter. Before taxes, however, there is a ...
Deutsche Bank AGDBK6.60%increase; up pointing triangle said late Friday it will hive off its mass retail unit Postbank and slash assets at its investment bank as it seeks to boost its profitability ...
Government’s aspirations for the Postbank to be a lever for financial inclusion still have a while to go, as the banking institution is “not yet in a position to be granted a licence”. This was ...
Deutsche Bank’s (NYSE: DB) decision to acquire Postbank might have looked like a great move by the German banking giant in 2010. But with stricter regulatory requirements, a huge legal backlog and ...
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