Deutsche Bank shares are trading lower after the company disclosed it estimates it could have to pay up to €1.3 billion related to its Postbank litigation.
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank's stock is trading lower following the announcement that it may face up to €1.3 billion in costs due to Postbank litigation.
April 29, 2024 | 11:10 am
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Deutsche Bank's shares are down after announcing potential €1.3 billion litigation costs related to Postbank.
The announcement of significant potential litigation costs is a direct financial burden on Deutsche Bank, likely leading to negative investor sentiment and a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100