Deutsche Bank shares rose more than 2% on Thursday after the German lender's settlements with more than half the plaintiffs who accused it of underpaying them in its takeover of Postbank in 2010.
Deutsche Bank said its largest individual plaintiff who sued the lender for underpaying them for the acquisition of Postbank has agreed to settle.
LOS ANGELES, CA / ACCESSWIRE / August 20, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Deutsche Bank Aktiengesellschaft ("Deutsche Bank" or "the Company") (NYSE:DB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
A former Deutsche Bank trader whose conviction for rigging an interest rate benchmark was overturned has ended a lawsuit accusing the German bank of destroying his banking career by falsely implicating him in the scheme.
V-shaped rebounds seem to be a much more regular feature of stock markets since the Great Financial Crisis occurred more than 15 years ago.
A lawyer representing plaintiffs in a long-running case against Deutsche Bank on Friday slammed a proposed settlement from the German lender as a "late low ball" and said the offer was "doomed." Claimants argue Deutsche Bank underpaid for its acquisition of German retail banking giant Postbank in the late 2000s.
Deutsche Bank has made a settlement offer with shareholders who had sued Germany's largest bank for underpaying them for the acquisition of Postbank, a plaintiff's lawyer said on Friday.
Key indicators suggest that Deutsche Bank Aktiengesellschaft's stock is a deep value asset. The company's second-quarter earnings report spooked the market after Deutsche revealed a litigation provision, a net accounting loss, and ongoing restructuring commitments. Despite its risks, we see an opportunity as Deutsche's investment banking unit might benefit from corporate refinancings and wider access to capital.
Deutsche Bank reported muted Q2 2024 performance due to legacy issues from Postbank acquisition in 2010. Operating performance improved, but facing challenges with lower rates and potential decline in credit quality. Revenue growth is driven by investment banking, but NII growth softening; cost-cutting and efficiency improvements are needed for profitability.
Deutsche Bank (DB) is planning to offload up to $1 billion of U.S. commercial property loans to reduce CRE exposure.
Deutsche Bank (DB) is well poised to gain from a solid liquidity position and a stable deposit balance. Strong capital position and impressive capital distribution activities are other positives.
The European Investment Bank (EIB) will provide a 500 million euros ($540 million) guarantee to Deutsche Bank to help the lender support Europe's wind power industry, the two organisations and the European Commission said on Wednesday.