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Deutsche Bank Considers Sale Of Online Bank Norisbank

 |  May 14, 2020

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

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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