Deutsche Bank ditched plans for more share buybacks after taking a more than EUR 1B litigation charge related to its botched acquisition of Postbank, Olaf Storbeck of The Financial Times reports. Despite halting buybacks for the rest of the year, CEO Christian Sewing told shareholders the company will stick to its promise of paying out a total of EUR 8B through a mix in dividends and buybacks between 2021 and 2025.
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