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Deutsche will sell Postbank but won't exit retail business, say sources

Revamp will involve deep cuts, including closing up to a third of the group's remaining German branches
Monday, April 20, 2015 - 05:50

DESTSCHEBANKREUTERS.jpg
Revamp will involve deep cuts, including closing up to a third of the group's remaining German branches

Frankfurt

DEUTSCHE Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said.

Only two management board members support dumping all

sentifi.com

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