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Germany’s biggest lender got a shock when a preliminary ruling suggested it could be on the hook for a massive fine.

Deutsche Bank Assessing Options to Settle Postbank Acquisition Claims; Shares Fall

A Cologne court intends, at least partially, to favor Postbank shareholders over claims that Deutsche low-balled them in 2010 takeover offers, Deutsche disclosed Friday.

A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tai...

A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tai...

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European shares closed below day highs on Monday after Germany reported higher-than-expected inflation, while Deutsche Bank had its worst day in over a year as worries around its Postbank acquisition resurfaced. The STOXX 600 lost some steam in April after five straight months of gains, weighed by still high interest rates, continued Middle East tensions and uncertainty about the European Central Bank's policy outlook. "The overall trend for German inflation is downward ... this should allow t...

FRANKFURT (Reuters) -Deutsche Bank has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany's largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank during the financial crisis seeking to broaden its reach in Germany and a steady income stream after years of rapid international expansion. Instead, Postbank has become a source of consumer complaints, regulatory scrutiny, labour strife and now, a possibly costly lawsuit.

The pan-European STOXX 600 was up 0.3%, as of 0718 GMT GMT, after logging its first weekly gain in four on Friday. Basic resources led sectoral gains, with shares of Anglo American climbing 2.3% after Reuters reported BHP Group is considering making an improved offer for the miner. Deutsche Bank dropped nearly 4% as the German lender will make a legal provision over a litigation regarding its takeover of Postbank that will hurt its second-quarter and full-year profitability.