Deutsche Bank is closing hundreds of branches

By RockedBuzz 5 Min Read

The information was disclosed by Claudio de Sanctis, the financial institution’s newly appointed head of non-public banking, in an interview with the Financial Times.

The financial institution is contemplating closing as much as 250 of the remaining 550 Postbank branches, he stated. The resolution follows current issues with the combination of on-line companies, however in line with him, the quantity of branches branded as Deutsche Bank will even be decreased.

A supervisor has already been assigned to Deutsche Bank as a result of issues associated to the combination of on-line companies. The transfer was aimed toward monitoring the financial institution’s dealing with of customer support points after clients have been unable to entry their accounts or contact the decision middle following the combination of Postbank.

Deutsche Bank initiated the acquisition of Postbank in the course of the 2008 world monetary disaster, and its integration into Deutsche Bank’s actions was a difficult activity lasting a number of years.

Source: Reuters

Development of Deutsche Bank’s change fee

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