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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.
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 ...
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]
Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
From 1929 to 1937, following its merger with Disconto-Gesellschaft, it was known as Deutsche Bank und Disconto-Gesellschaft or DeDi-Bank. [3]: 580 Other transformative acquisitions have included those of Mendelssohn & Co. in 1938, Morgan Grenfell in 1990, Bankers Trust in 1998, [4] and Deutsche Postbank in 2010.
On 8 April 2018, Sewing became CEO at Deutsche Bank, replacing John Cryan. [10] That year, he led Deutsche Bank to its first profit in four years and launched talks with Commerzbank on a potential merger. [11] After his first year, his 7 million euro compensation made him one of the best paid chief executives in European banking. [9]
As fintech boomed, so did Plaid, announcing a staggering $5.3 billion merger with Visa in early 2020. But, even before Lina Khan started haunting the dreams of techies, the Justice Department sued ...
[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 ...