A Bavarian court has ordered Deutsche Bank to pay partial damages on a failed investment to a local authority client in the state, as the bank today reported a further â¬2.5bn ($3.9bn) in writedowns on leveraged loans and asset backed securities.
Landgericht Würzburg, the regional court in the city of Würzburg, yesterday said Deutsche Bank should pay â¬958,000 to two entities that are part of Würzburger Versorgungs und Verkehrs, a local authority utility.
