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Changes in U.S. stocks | Deutsche Bank (DB.US) fell more than 8% and will set aside approximately 1.3 billion euros in reserves for cases related to the acquisition of Postal Bank

Zhitong Finance APP learned that the stock price of Deutsche Bank (DB.US) fell on Monday. As of press time, the stock fell more than 8% to US$16.255. According to the news, Deutsche Bank will set aside about 1.3 billion euros in reserves for cases related to its 2010 acquisition of Deutsche Postbank.

A court in Cologne, Germany, said it may find PostBank shareholders' claims valid in a later ruling. These shareholders claimed that Deutsche Bank should have paid a higher price when it took over Postbank. Deutsche Bank expects the provision to impact its profitability and capital ratios in the second quarter and full year 2024.

Deutsche Bank said it "remains strongly opposed" to the court's assessment but would still analyze the legal arguments and their potential impact on financial statements.