If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank (DBKGn.DE) faces a long and costly battle, analysts say, to sell Postbank (DPBGn.DE) and pare investment banking, the new strategic goals it outlined late on Friday.
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Deutsche Bank's (DBKGn.DE) 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 chief executive of Deutsche Bank's (DBKGn.DE) retail arm Postbank (DPBGn.DE) strongly advocates having Deutsche sell a large portion of Postbank's shares on the stock market rather than to another bank, a German magazine reported on Saturday.
Deutsche Bank AG (DBKGn.DE) said it would review its strategy in 2015 after a business magazine said it was considering major changes, possibly including the sale of its Postbank-branded (DPBGn.DE) retail unit and a revision of its profit targets.
Greece's bank rescue fund approved of Eurobank to acquire the New Hellenic Postbank.
Geniki Bank presents its binding bid for troubled New Hellenic Postbank.
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