postbank
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 International
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
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
Trade union leaders have asked workers at Germany's Postbank to authorize indefinite strikes against the bank after the latest round of collective bargaining talks fell short of a deal on wage and job security demands. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. If workers authorize further action against Postbank, then renewed strikes could begin anytime after May 3, according to DBV. There have already been a number of s...
DPA
Trade union leaders have asked workers at Germany's Postbank to authorize indefinite strikes against the bank after the latest round of collective bargaining talks fell short of a deal on wage and job security demands. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. If workers authorize further action against Postbank, then renewed strikes could begin anytime after May 3, according to DBV. There have already been a number of s...
DPA International
Trade union leaders have asked workers at Germany's Postbank to authorize indefinite strikes against the bank after the latest round of collective bargaining talks fell short of a deal on wage and job security demands. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. If workers authorize further action against Postbank, then renewed strikes could begin anytime after May 3, according to DBV. There have already been a number of s...
DPA Breaking News
The German trade union verdi is extending its strikes ahead of the fourth round of negotiations in the wage dispute at Deutsche Bank subsidiary Postbank. On Thursday, in addition to employees in the back-office service units and call centres, verdi is also calling for work stoppages at branches throughout Germany. "This will once again send a clear signal that all employees are behind the demands for a significant improvement in pay and an extension of protection against dismissal," verdi negotiator Jan Duscheck said on Tuesday in Berlin. Strikes have already been taking place in the back offi...
DPA International
The German trade union verdi is extending its strikes ahead of the fourth round of negotiations in the wage dispute at Deutsche Bank subsidiary Postbank. On Thursday, in addition to employees in the back-office service units and call centres, verdi is also calling for work stoppages at branches throughout Germany. "This will once again send a clear signal that all employees are behind the demands for a significant improvement in pay and an extension of protection against dismissal," verdi negotiator Jan Duscheck said on Tuesday in Berlin. Strikes have already been taking place in the back offi...
DPA
The German trade union verdi is extending its strikes ahead of the fourth round of negotiations in the wage dispute at Deutsche Bank subsidiary Postbank. On Thursday, in addition to employees in the back-office service units and call centres, verdi is also calling for work stoppages at branches throughout Germany. "This will once again send a clear signal that all employees are behind the demands for a significant improvement in pay and an extension of protection against dismissal," verdi negotiator Jan Duscheck said on Tuesday in Berlin. Strikes have already been taking place in the back offi...
DPA Breaking News
Employees at Germany's Postbank are expected to stage further strikes in the coming days as part of a wage dispute with the firm, a subsidiary of German financial giant Deutsche Bank. The trade union verdi has called on around 4,500 back-office workers at Postbank, who process banking transactions, to strike over the course of the week. The latest strike call follows a series of smaller strikes last month that shuttered Postbank branches. Verdi negotiator Jan Duscheck said that back-office employees at Postbank have faced heavy work burdens in recent months as the bank switches its computer sy...
DPA Breaking News
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