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Deutsche Bank Considers Sale Of Online Bank Norisbank

By  |  May 14, 2020

Deutsche Bank  is weighing the sale of its German online bank Norisbank, reported Reuters.  

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    Deutsche Bank is in the midst of an overhaul that includes streamlining operations, exiting some business lines and shedding 18,000 staff.

    A final decision has not been made, the person said, adding that a full integration of the bank is also possible. 

    Norisbank is a 100% subsidiary based in the former German capital of Bonn with 550,000 customers. Deutsche Bank acquired it in 2006 for 420 million euros ($452.97 million) from DZ Bank.

    Full Content: Bloomberg

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