Deutsche Bank under fire from investors over Postbank problems

FRANKFURT, May 16 (Reuters) – Big investors in Deutsche Bank (DBKGn.DE), opens new tab vented their frustration at Germany’s top lender on Thursday, describing problems at its Postbank business as a trust-damaging embarrassment.

The complaints at Deutsche’s annual general meeting follow the bank’s disclosure that a long-running lawsuit claiming that it underpaid for its purchase of Postbank could cost up to 1.3 billion euros ($1.4 billion).

Andreas Thomae of Deka Investment addressed Deutsche Bank CEO Christian Sewing directly, saying: “This news hit us like a thunderbolt. It has once again destroyed trust, which Deutsche Bank cannot afford.”