172@29@17@140!~!172@29@0@53!~!|news|world|deutsche-to-cut-investment-banking-split-off-postbank-1518317.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false
Moneycontrol
Watch experts decode 'The rise of ESG investing' on October 29 at 4pm. Register Now!
you are here: HomeNewsWorld
Last Updated : Apr 25, 2015 04:40 PM IST | Source: Reuters

Deutsche to cut investment banking, split off Postbank

Germany‘s biggest lender ended four months of deliberations on its future saying it would invest in its transaction banking, asset and wealth management division, and own-branded retail businesses.


Deutsche Bank will cut back investment banking, split off its Postbank retail chain and slash costs, the group said late on Friday, in a restructuring plan designed to restore profitability.


Germany’s biggest lender ended four months of deliberations on its future saying it would invest in its transaction banking, asset and wealth management division, and own-branded retail businesses.

The group's supervisory board unanimously supported the strategic proposal, Deutsche said in a statement.

Close

First Published on Apr 25, 2015 04:40 pm
Sections