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Deutsche Bank to Review Payouts on €430 Million Boost
Posted
August 22, 2024
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1:26Now PlayingDeutsche Bank will review its shareholder payout plans as progress in settling one of its biggest legal issues is expected to lift profit in the third quarter. The German lender expects a €430 million ($479 million) boost to pretax profit in the third quarter, after reaching agreements with more than 80 plaintiffs in a long-running dispute over its acquisition of retail lender Postbank, according to a statement late Wednesday. Bloomberg's Tom Metcalf reports.
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