Germany’s Deutsche Bank is set to review its strategy and profit targets next year and is considering a sale of its Postbank-branded retail unit.
The sale of Postbank would reportedly help the lender raise several billion euros, offsetting the billions of dollars penalty slapped on the bank due to its alleged connection in the foreign exchange market manipulation.
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However, according to Deutsche Bank, it was "irresponsible" to speculate on the possibility of "the sale of any part of the business, including Postbank."
Media reports suggest that Spain’s Banco Santander could be an interested buyer for the Postbank unit, purchased between 2008 and 2009.
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