- Rather than sell or spin off all of its retail operations as it unveils a major restructuring later this year, Detusche Bank (DB -3.1%) has decided to sell its Postbank unit, according to a report in Der Spiegel.
- Postbank is Deutsche's retail operation in Germany.
- "An alternative model that foresaw the complete separation of retail banking business appears not to have found sufficient support in the management board," says the magazine.
- Previously: Deutsche set to unveil restructuring plans (April 13)
Deutsche reportedly decides to sell Postbank
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