Deutsche Bank warned on Friday that a portion of its projected pre-tax profit for 2024 might be eroded due to an ongoing shareholder lawsuit related to its 2010 acquisition of Postbank.
The bank disclosed it may set aside up to €1.3bn in provisions after a Cologne court said it was set to lose elements of a complex lawsuit concerning its compensation for Postbank shareholders. The legal battle stems from allegations by former Postbank shareholders that Deutsche Bank undervalued their shares during the acquisition process.
