Apr 29, 06:40 AM

Deutsche Bank Faces 1.3 Billion Euro Provision, Stock Falls 5.5% Due to Settlement Options, Share Buybacks Delayed

Deutsche Bank faces a setback as it updates on the Postbank takeover litigation, with an estimated provision of about 1.3 billion euros due to claims. The bank is assessing options for a possible settlement, causing a 5.5% stock drop and delaying share buybacks.

#Deutsche Bank #Postbank

Written with ChatGPT (GPT-3).

Sources

Reuters@Reuters
2 years ago
Explainer: The trio of problems dogging Deutsche Bank's Postbank arm https://t.co/bVfXqbO6xq https://t.co/RqtYJuZZps
Bloomberg@business
2 years ago
Deutsche Bank’s next share buyback will likely be delayed as a result of new provisions, Morgan Stanley analysts say https://t.co/simJcHxZQn
Reuters@Reuters
2 years ago
Deutsche Bank falls 5.5% after Postbank announcement https://t.co/gJuW4uNGYP https://t.co/KuvVPMFQSP

Additional media

Image #1 for story deutsche-bank-faces-1-3-billion-euro-provision-stock-falls-5

Image #2 for story deutsche-bank-faces-1-3-billion-euro-provision-stock-falls-5

Image #3 for story deutsche-bank-faces-1-3-billion-euro-provision-stock-falls-5

Deutsche Bank Faces 1.3 Billion Euro Provision, Stock Falls 5.5% Due to Settlement Options, Share Buybacks Delayed

Sources

Additional media

Similar Stories