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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

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