The board of Deutsche Bank Aktiengesellschaft ( ETR:DBK ) has announced that it will be paying its dividend of €0.45 on...
FRANKFURT (Reuters) -There was no agreement following a fourth round of talks between management of Deutsche Bank's Postbank arm and employee representatives in a months-long wage dispute, the Verdi labour union said on Wednesday. The negotiations come as Germany's largest lender tries to keep a lid on costs and manage customer service problems at Postbank. The union has demanded a 15.5% pay increase for the thousands of workers affected and has held a series of strikes in the standoff.
Complaints by bank customers to Germany's financial regulator nearly doubled last year, figures published on Monday showed, with many of them directed at a single lender. The regulator, BaFin, said that overall complaints by bank customers rose by 87% to more than 27,000 last year. Although BaFin did not name the lender, last year it publicly criticised Deutsche Bank for its botched integration of Postbank, which left customers complaining that they were locked out of their accounts and unable to reach call centres.