Deutsche Bank could fully integrate Postbank unit instead of selling it
In a bid to shrink its balance sheet, but there have been no serious buyers
Frankfurt — Deutsche Bank is considering a U-turn in its retail banking strategy and may opt for a full integration of its Postbank operations instead of a sale, three people close to the bank said. The possible change of plan comes as Deutsche Bank is under the threat of a multibillion-dollar fine from US regulators, which has prompted its management to rethink a year-old strategic overhaul that has made faltering progress, people close to the matter said earlier in October. Deutsche Bank, which bought Postbank in several steps from 2008 for a total of €6bn, had earmarked the unit for sale in a bid to shrink its balance sheet. But no serious buyers have emerged and a stock market listing is seen as difficult in the current market. With a Postbank divestment unlikely, the bank’s supervisory board was set to discuss alternatives at its Wednesday meeting, including its full integration into Deutsche, the people said. Deutsche Bank and Postbank declined to comment. The move, if agreed,...
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