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

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 retail activities, with the other six favouring just selling Postbank, the sources told Reuters, speaking on condition of anonymity as the matter is not public. The bank will decide on the hotly debated overhaul as soon as this week, they added.