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Aug 23, 2024 · August 23, 2024 at 3:17AM EDT. The Deutsche Bank AG headquarters in the financial district of Frankfurt. (Alex Kraus/Bloomberg) (Bloomberg) -- Sixteen years after its last major deal, Deutsche Bank AG is finally ready to move on. Since then-Chief Executive Officer Joe Ackermann initiated the takeover of retail lender Postbank, three days before ...
- Steven Arons
Sep 20, 2023 · 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 ...
Aug 22, 2024 · Deutsche Bank has reached settlements with 60 per cent of claimants in a more than decade-long dispute over its acquisition of Postbank, paving the way to an expected €430mn boost to its pre-tax ...
- Patricia Nilsson
Sep 5, 2024 · Sept 5 (Reuters) - Deutsche Bank (DBKGn.DE), opens new tab has reached a settlement in its longest-running litigation over its 2008 takeover of Postbank, it said on Thursday. The settlement with ...
Aug 22, 2024 · Deutsche embarked on its Postbank acquisition during the 2008 global financial crisis. Postbank, with millions of customers, has its roots in Germany's postal system.
Oct 2, 2023 · Deutsche has been inundated by complaints since the July migration of 12mn Postbank clients, which the bank originally claimed was successful. However, thousands of customers have since been ...
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Apr 29, 2024 · Deutsche says it will buy Postbank in a two-stage manoeuvre, taking an initial stake of less than 30% with an option to launch a full-blown takeover later. 2010.
