EQS-News: Deutsche Bank AG / Key word(s): Quarter ResultsDeutsche Bank AG: Correction of our publication news dated 2022-09-20 for Deutsche Postbank Funding Trust III 26.09.2022 / 11:06 CET/CESTThe issuer is solely responsible for the content of this announcement.Deutsche Postbank Funding Trust III: The financial reports will be published on September 30. 2022 pursuant to Section 5:25c of the Netherlands Financial Supervision Act (Wet op het financieel toezicht) 26.09.2022 CET/CEST Dissemination
Deutsche Bank AG agreed to pay $26.25 million to settle a U.S. shareholder lawsuit accusing the German bank of lax oversight while doing business with risky, ultra-rich clients like Jeffrey Epstein and Russian oligarchs. The preliminary all-cash settlement filed on Friday in federal court in Manhattan requires approval by U.S. District Judge Jed Rakoff, who in June allowed the proposed class action to proceed. Shareholders led by Yun Wang, who traded Deutsche Bank stock in 2018 and 2020, claimed that the bank had known its know-your-customer and anti-money laundering controls were ineffective, and that its share price fell as problems emerged.
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