Deutsche Bank to sell Postbank, not split off all retail ops

April 17, 2015 12:15 PM

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FRANKFURT, April 17 (Reuters) - Deutsche Bank's board has decided to sell its Postbank unit, rather than splitting off all retail operations at Germany's biggest lender, Der Spiegel magazine reported on Friday, without citing sources.

"An alternative model that foresaw the complete separation of retail banking business appears not to have found sufficient support in the management board," the magazine said.

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