Deutsche board to consider Postbank sale, cost cuts in revamp

April 24, 2015 9:47 AM

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FRANKFURT, April 24 (Reuters) - Deutsche Bank's supervisory board gathered on Friday to review a sweeping restructuring plan to cut back investment banking and dump the Postbank retail chain to restore profitability.

Another proposal, albeit one that has fallen out of favour with management, calls for Deutsche to exit retail banking entirely, selling both Postbank and its own-branded retail chain and becoming a pure investment and commercial bank.

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