Germany's Deutsche Bank changes tack on Postbank

April 24, 2015 10:32 PM

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Germany's Deutsche Bank AG says it plans to "deconsolidate" its Postbank retail banking unit, in which it has held a majority since 2010.

Germany's biggest bank said after its supervisory board met Friday that it also envisions investing in its transaction banking, asset and wealth management and retail businesses. It said it will announce details Monday. German news agency dpa cited a bank spokesman as saying the company plans to at ...

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