Jul 16, 09:45 AM

Deutsche Bank Faces Quarterly Loss Amid Postbank Lawsuit and Financial Reporting Error

Deutsche Bank is facing significant challenges as it is forecasted to post a quarterly loss, breaking its profit streak. The bank's profit streak is at risk due to a looming lawsuit involving Postbank. Additionally, a German regulator has identified a deficiency in a financial report filed by Deutsche Bank several years ago, criticizing the bank for flouting international accounting rules and a financial reporting error. The failure relates to disclosures around €2.1 billion of deferred tax assets.

#Deutsche Bank #Postbank #German

Written with ChatGPT (GPT-4o).