Deutsche Bank Sees €430 Million Gain on Postbank Progress.

Deutsche Bank AG has announced that it expects a €430 million ($480 million) boost to its third-quarter results after reaching agreements with over 80 plaintiffs in the long-standing Postbank AG litigation. These settlements represent about 45% of the provisions the bank had set aside for the claims and include the largest individual plaintiff. The remaining provisions related to the settling plaintiffs will be released, potentially boosting pretax profit by €430 million in the third quarter. This development could signal more capital returning to shareholders in the future. [Extracted from the article]