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Deutsche Bank on Monday said that it had completed a fourth and final phase of a years-long technology integration process with Postbank. Germany's largest bank said it would result in cost ...
Postbank (German pronunciation: [ˈpɔstbaŋk]; full name: Postbank – eine Niederlassung der Deutsche Bank Aktiengesellschaft, lit. ' Postbank – a branch of the Deutsche Bank joint-stock company ' ) is a branch of Deutsche Bank for retail banking , which was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990.
In March 2005, Deutsche Postbank announced that it has acquired a 9.2% stake in the company. [2] Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares [3] and made an offer to remaining shareholders. [4] The acquisition was completed in 2005. [5] [1]
The two began a merger in May 2021. On 1 July 2024 paydirekt announced that the Giropay service will be shut down on 31 December 2024. [1] Some payment providers stopped the service on 30 June 2024. [2] [3] As decided, Giropay was finally discontinued on 31 December 2024. [4] Paydirekt recommends the European payment service Wero as its successor.
DWS was founded in Hamburg in 1956 as "Deutsche Gesellschaft für Wertpapiersparen mbH" (German Enterprise for Securities Savings), the name was later shortened to DWS, "Die Wertpapier Spezialisten" (The Fund Specialists). Originally, the activities involved products and investment services that were initially offered to investors in Germany ...
Deutsche Bank is expected to announce by Friday at the latest an update on its merger talks with Commerzbank, which are now in their sixth week, people familiar with the matter said on Tuesday ...
[29] [30] The board pursued an independent continuation of the business, [31] [32] interpreted as rejecting a merger with Deutsche Bank. [33] Also, a potential acquisition of Postbank by Commerzbank, which was discussed at times and would have led to a financial conglomerate with a building society and insurance, ultimately did not materialize ...
UniCredit could explore a merger with Commerzbank if talks with Deutsche fall through, two people with knowledge of the matter said on Thursday. UPDATE 5-UniCredit eyes bid for Commerzbank if ...