deutschebank
An arbitration court in St Petersburg has frozen the assets of several banks in Russia, including Germany's Deutsche Bank and Commerzbank, after the planned construction of a terminal, which Deutsche Bank had helped to guarantee, was cancelled. The court action was taken at the request of RusChimAllianz, a Gazprom subsidiary operating an LNG terminal on the Baltic Sea. The company is claiming €239 million ($260 million) against Deutsche Bank, according to a report by the Russian state news agency TASS on Saturday. The assets blocked are securities belonging to Deutsche Bank and other companies...
DPA Breaking News
An arbitration court in St Petersburg has frozen the assets of several banks in Russia, including Deutsche Bank, after the planned construction of a terminal, which the German bank had helped to guarantee, was cancelled. The court action was taken at the request of RusChimAllianz, a Gazprom subsidiary operating an LNG terminal on the Baltic Sea. The company is claiming €239 million ($260 million) against Deutsche Bank, according to a report by the Russian state news agency Tass on Saturday. The assets blocked are securities belonging to Deutsche Bank and other companies in which it holds an in...
DPA Breaking News
German lender Deutsche Bank expects ongoing litigation concerning its acquisition of postal service retail bank Postbank to affect second-quarter and full-year profitability. The Higher Regional Court of Cologne on Friday assessed claims from former Postbank shareholders contending that a higher offer price should have been paid in connection with Deutsche Bank's voluntary takeover offer in October 2010. The total value of the claims, inclusive of accumulated interest, is estimated at around €1.3 billion ($1.4 billion). The court's indications during the hearing suggest potential validity in s...
DPA Breaking News
German banking major Deutsche Bank has achieved a profit increase at the start of 2024 despite higher provisions for potential risks, the Frankfurt-based DAX-listed company said on Thursday. It reported that its first-quarter profit attributable to shareholders grew 10% to €1.28 billion ($1.37 billion) from last year's €1.16 billion. Earnings per share improved to €0.69 from €0.61 in the prior year quarter. Deutsche Bank reported 10% year-on-year growth in profit before tax to €2.04 billion in the first quarter of 2024. Net revenues grew 1% to €7.78 billion from last year's €7.68 billion, prim...
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