Deutsche Bank to Back Out of Brokerage Business in Poland

[kreslik.news]

Germany’s biggest bank, Deutsche Bank AG, is reportedly contemplating selling its brokerage arm in Poland, operating as DB Securities S.A, due to weak performance of the nation’s stock market and as the banking giant is streamlining its operations to boost capital position. The news was reported by Reuters, citing four banking industry sources familiar with the matter.

The report stated that Deutsche Bank might face difficulty as it must coordinate the process with the Polish Financial Supervision Authority (KNF), since it has to seek a buyer to acquire its clients book.

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