It is still attempting to integrate postbank a retail business it bought in 2008 10 tried to sell and then decided to. Db privat und firmenkundenbank ag was entered in the commercial register on 25 may 2018.
The deals off deutsche bank and commerzbank call off merger talks.
Postbank deutsche bank merger. What a deutsche bank merger could mean for germany. Deutsche bank was supposed to be a steward for. Germanys latest banking merger deutsche and postbank face culture clash.
Two different worlds are colliding with deutsche banks takeover of postbank. Deutsche bank is to spend eur19 billion on restructuring and it following the merger of its consumer banking unit postbank and its private and commercial clients business. In addition the merger will lead to.
To this end deutsche postbank ag and deutsche bank privat und geschaftskunden ag will be merged into one single legal entity by the end of the second quarter of 2018. A deal with commerzbank could be a solution but it could also make things a lot messier. It is a wholly owned subsidiary of deutsche bank ag and the legal entity.
The entity deutsche privat und firmenkundenbank will have a joint head office and continue to operate under both brands. Deutsche is a global player that woos elite. The merged unit dubbed.
Db privat und firmenkundenbank ag has concludeed legal merger of postbank and deutsche banks private and commercial clients business.