LegalRisk

Deutsche Bank Navigates Legal Turmoil Following Postbank Accounting Missteps

6 months ago

Deutsche Bank is currently reassessing its legal strategies in light of recent revelations impacting Postbank, its retail banking subsidiary. This comes after a surprising financial shortfall that surfaced unexpectedly, raising alarms about potential accounting discrepancies. The bank's Chief Financial Officer, James von Moltke, has emphasized the need for a thorough understanding of these risks and a proactive approach to mitigate future issues.

Visa Sets Aside $1.5 Billion in a Litigation Escrow Account

8 months ago

Visa Inc, a financial services corporation famous for its electronic funds transfers across the globe, has recently set apart as much as $1.5 billion in a litigation escrow account. The recent move by the company depicts its well-structured determination to cope with and handle legal risk in an efficient manner, so that even at the onslaught of possible litigation issues, the balance sheet portrays robust health.