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1. investor-relations.db.com › files › documentsDeutsche Bank updates on Postbank takeover litigation matter

   investor-relations.db.com › files › documents

   Apr 28, 2024 · - Deutsche Bank recorded a first quarter 2024 net income attributable to Deutsche Bank shareholders of € 1.3bn, of which 50% was not recognized in reported CET1 capital, given the Bank’s 50% payout ratio objective for financial year 2024, payable 2025.

2. www.reuters.com › business › financeDeutsche Bank to make provision for Postbank suit that will ...

   www.reuters.com › business › finance

   Apr 26, 2024 · Deutsche Bank AG said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year...

3. www.ft.com › content › bb246f41-4e67-41c5-ae05-7bf1How Deutsche Bank’s 13-year attempt to kill off an IT system ...

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   Jul 24, 2023 · Yet for almost a decade after Deutsche first began building its stake in Postbank, Germany’s financial regulator insisted on the ringfencing of the latter’s deposits.

4. www.db.com › news › detailDeutsche Bank updates on Postbank takeover litigation matter

   www.db.com › news › detail

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   Apr 26, 2024 · In a hearing on April 26, 2024, the Higher Regional Court of Cologne assessed the claims of certain former Postbank shareholders that a higher offer price in connection with Deutsche Bank's voluntary takeover offer of October 7, 2010, should have been paid.

5. www.bankingdive.com › news › deutsche-bank-set-asideDeutsche Bank plans to set aside $1.4B over Postbank case

   www.bankingdive.com › news › deutsche-bank-set-aside

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   Apr 29, 2024 · Deutsche Bank needs to set aside up to €1.3 billion ($1.4 billion) in legal provisions as the lender prepares to lose — at least in part — a longstanding shareholder lawsuit concerning its 2010 acquisition of Postbank.

6. investor-relations.db.com › files › documentsDeutsche Bank Has Sufficient Capital To Absorb New Litigation ...

   investor-relations.db.com › files › documents

   Apr 29, 2024 · LONDON (S&P Global Ratings) April 29, 2024--S&P Global Ratings said today that Deutsche Bank AG (A/Stable/A-1) has sufficient capital flexibility to absorb the €1.3 billion litigation provision it has announced, although it will affect second-quarter earnings.

7. People also ask

   Will Deutsche Bank take over Postbank?

   • REUTERS/Jon Nazca/File Photo Purchase Licensing Rights BERLIN, April 26 (Reuters) - Deutsche Bank AG (DBKGn.DE) said a court ruling in a years-long litigation over its takeover of Postbank will require it to make a legal provision that will impact its second quarter and full-year profitability.

   Deutsche Bank to make provision for Postbank suit that will hit Q2

   www.reuters.com/business/finance/deutsche-bank-make-provision-postbank-suit-that-will-hit-q2-profit-2024-04-26/

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   Could Postbank be a new asset for Deutsche Bank?

   • The transfer of customer data opens up the prospect that Postbank could yet be transformed into an asset for Deutsche’s chief executive Christian Sewing, who has pitched the retail operations to investors as a way to cut the bank’s reliance on its often erratic and capital-intensive bond trading business.

   How Deutsche Bank’s 13-year attempt to kill off an IT system finally wor…

   www.ft.com/content/bb246f41-4e67-41c5-ae05-7bf1fae45f67

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   Why did Deutsche Bank fail to buy Postbank?

   • The woes are the latest to stem from Deutsche Bank’s ill-fated takeover of domestic rival Postbank in 2010, a troubled retail lender that was once part of Germany’s state-owned postal service. Over the past decade, Deutsche failed to find a buyer for Postbank and botched an earlier IT integration effort.

   Deutsche Bank struggles with fallout after huge Postbank IT migration

   www.ft.com/content/4138876c-5a10-46d4-b6c6-7d421cbd9df0

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   Does Deutsche Bank expect a significant impact on Postbank's strategic plans?

   • "Generally, management does not expect a significant impact on the bank's strategic plans or financial targets," it said. In 2008, Deutsche Bank bought a stake in Postbank of just under 30 percent for 57.25 euros per share.

   Deutsche Bank to make provision for Postbank suit that will hit Q2

   www.reuters.com/business/finance/deutsche-bank-make-provision-postbank-suit-that-will-hit-q2-profit-2024-04-26/

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   Why is Deutsche Bank suing Postbank?

   • As Deutsche Bank gradually increased its stake over the following years, the financial crisis was in full swing and Deutsche Bank's offer for remaining shares halved, irking Postbank's smaller shareholders. The lawsuit has been bouncing around German courts since 2011. ($1 = 0.9350 euros)

   Deutsche Bank to make provision for Postbank suit that will hit Q2

   www.reuters.com/business/finance/deutsche-bank-make-provision-postbank-suit-that-will-hit-q2-profit-2024-04-26/

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   What was Deutsche Bank's first quarter 2024 net income?

   • Deutsche Bank recorded a first quarter 2024 net income attributable to Deutsche Bank shareholders of € 1.3bn, of which 50% was not recognized in reported CET1 capital, given the Bank’s 50% payout ratio objective for financial year 2024, payable 2025.

   Deutsche Bank updates on Postbank takeover litigation matter

   investor-relations.db.com/files/documents/other-presentations-and-events/2024/20240428-Deutsche-Bank-updates-on-Postbank-takeover-litigation-matter-28-April-2024.pdf

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8. www.ft.com › content › 4138876c-5a10-46d4-b6c6-7d421Deutsche Bank struggles with fallout after huge Postbank IT ...

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   Sep 20, 2023 · Over the past decade, Deutsche failed to find a buyer for Postbank and botched an earlier IT integration effort.