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In September 2008, 30% of Postbank was sold to Deutsche Bank for €2.8 billion. [5] In October 2010, Postbank put its Indian finance business up for sale. [6] Deutsche Bank gained a majority stake in the firm through a tender offer completed in December 2010, [7] and exercised its option [5] to acquire the remainder of Deutsche Post's holding ...
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 DWS Group (Formerly: Deutsche Asset Management) commonly referred to as DWS, is a German asset management company. It previously operated as part of Deutsche Bank until 2018 where it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
Deutsche Bank said it had put aside €1.3 billion ($1.4 billion) in provisions as part of a tense legal battle with former shareholders of Postbank, which Deutsche Bank took full control of in 2010.
In 1996, in conjunction with the acquisition of First NH Bank, the Bank of Ireland gained a 23.5% stake in Citizens, which RBS then acquired two years later to resume 100% ownership. In 1999, Citizens acquired the United States Trust Company of Boston and the retail banking business of State Street Corporation , significantly increasing its ...
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 ...
Deutsche Postbank has a postal banking system. Deutsche Postbank was a subsidiary of Deutsche Post until 2008, when 30% of Deutsche Post's shares were sold to Deutsche Bank. [17] Postal banking services are still available at all branches of Deutsche Post and Deutsche Postbank.
In April 2007 a press launch was held for the new bank, which is to be known as Postbank (legally Postbank Ireland Limited, to distinguish from other similarly named operations such as Deutsche Postbank). By February 2010, the closure of the Postbank unit had been announced, and the operation was wound down by the end of December 2010. [21]