XTRA:DBKCapital Markets
Deutsche Bank Settlement Eases Legal Cloud While Valuation Story Persists
Deutsche Bank has reached a confidential settlement with a former manager over allegations of wrongful blame in the Monte dei Paschi accounting scandal.
The agreement concludes a high profile legal dispute that was the first of several similar lawsuits by former staff.
The settlement, whose terms were not disclosed, closes one strand of litigation related to the bank's historical involvement with Monte dei Paschi.
For you as an investor looking at XTRA:DBK, this development comes against a...