Finance
Deutsche Bank to Review Payouts on Boost From Postbank Progress
- Lender expects to book €430 million gain in third quarter
- Firm previously set aside €1.3 billion to pay for claims
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Deutsche Bank AG 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 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.