Postbank has not applied for a full banking licence, but says it is legally allowed to issue cards under the National Payment System Act. The Black Card rollout was abruptly suspended in April ...

The Government will amend the law to allow Kenya Post Office Savings Bank (Postbank) trade in foreign currency. The move is seen as a deliberate effort by the Government to institute reforms at one of ...

Cologne's higher regional court on Wednesday ruled against Deutsche Bank in a long-standing legal dispute with shareholders who alleged the lender underpaid in its multi-stage acquisition of German ...

A lawyer representing plaintiffs in a long-running case against Deutsche Bank on Friday slammed a proposed settlement from the German lender as a "late low ball" and said the offer was "doomed." ...

Deutsche Bank enters settlements with a large share of the plaintiffs in Postbank takeover litigation issue. Deutsche Bank reaches settlement with over 80 plaintiffs, covering nearly 60% of claims, ...

Postbank has launched a text banking service, enabling customers obtain personal financial information through instant short message service (SMS) requests. Managing Director Nyambura Koigi said the ...

Indian IT services giant Tata Consultancy Services (TCS) has agreed to acquire Postbank Systems from Deutsche Bank for a token price. Pending regulatory approval, the €1 takeover will see TCS add some ...