Germany's Postbank sees lower earnings on split from Deutsche Bank

March 23, 2016 8:00 AM

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FRANKFURT, March 23 Deutsche Bank's retail unit Postbank expects its annual adjusted pretax earnings to fall by at least 100 million euros ($112 million) this year, among other due to costs related to the separation from its parent, Postbank said on Wednesday.

Deutsche Bank plans to sell or list Postbank by the end of next year as it takes the axe to its balance sheet to comply with new bank rules.

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