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Deutsche reportedly decides to sell Postbank

Apr. 17, 2015 10:25 AM ETDeutsche Bank Aktiengesellschaft (DB) StockDBBy: Stephen Alpher, SA News Editor
  • 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)

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