Deutsche Bank revamp plan to hit retail hardest, say sources

Frankfurt

Deutsche Bank's retail operations will bear the brunt of its planned restructuring and will most likely be spun off in a stock market listing, two sources familiar with internal discussions at Germany's biggest bank said on Saturday.

The bank's supervisory board held a 14-hour meeting in Frankfurt on Friday, spending part of the time reviewing three scenarios proposed by the management board, the sources said. "The retail banking operations will suffer setbacks regardless of which model," said one source, who declined to be named because he is not authorised to speak to the media.