Reuters: Deutsche Bank's profitable streak ends with a major lawsuit

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Reuters: Deutsche Bank's profitable streak ends with a major lawsuit
July 24th. /MEDIA TALK/.On Wednesday, July 24, it became known that Deutsche Bank did not make a profit for the first time in the last four years. We are talking about the result of the second quarter of 2024, when the company had to reserve 1.3 billion euros of its own funds for possible legal costs, Reuters reported.


Photo: ru.freepik.com

According to media reports, the threat of litigation also hindered the bank's plans to repurchase shares and caused the value of the financial institution's securities to fall by 7%.

Deutsche Bank expects that it will have to pay an additional 1.3 billion euros to the former shareholders of Postbank, which was bought by the organization in 2010. They claim that the cost of the institution was greatly underestimated when making the transaction.

Recall that in early July it was reported that this year Sberbank's net profit under RAS increased by 5.6%. The figure increased to 768.7 billion rubles.
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