Deutsche Bank in talks to sell Postbank IT unit TradeMoneta

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Deutsche Bank sells IT unit for symbolic €1 in job-cutting drive Indian multinational Tata Consultancy Services will take on 1,500 Postbank Systems workers in Germany 09 November 2020 - 17:06 ... Deutsche Bank AG (XETRA: DBKGn.DE / NYSE:) announced today that it has entered into an agreement to sell its local Private & Commercial Banking business in Poland, together with DB Securities S.A., to Bank Zachodni WBK S.A. The retail mortgage portfolio denominated in foreign currency is excluded from the transaction. The transaction is in line with the Bank’s effort to continue to sharpen ... Deutsche Bank Sells Retail Forex Business By Shira Ovide. April 21, 2011 3:13 pm ET Deutsche Bank agreed to sell its retail foreign-exchange trading unit to Gain Capital Holdings for an ... On Monday, the targets for Deutsche’s retail business, which employs about 28,000 people in Germany and account for about a third of the bank’s revenue, were in sharp focus as acrimonious pay ... Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Deutsche bank is reportedly in talks with Tats Consultancy Services over the sale of its Postbank IT systems unit and the transfer of 1400 staff to the Indian conglomerate. Deutsche Bank in Portugal has a credit portfolio of 2,400 million euros, one billion in deposits and 3,100 million in assets under management, numbers that raise Abanca’s business volume to 6,500 million euros. The commercial network now acquired by Abanca has 41 centers, located mainly in Lisbon and Oporto.

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