Bloomberg News

Deutsche Bank’s Postbank to Stop Wealth Management, NDR Reports

April 27, 2012

Deutsche Bank AG (DBK)’s Postbank unit will discontinue its wealth-management business on June 30 because of a lack of demand, NDR Info reported, citing an unidentified Postbank spokesman.

About 300 employees will be offered positions in mobile sales for Deutsche Bank and at the construction-financing bank BHW, NDR Info said.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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