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Report: Deutsche Bank might not sell Postbank

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Report: Deutsche Bank might not sell Postbank

Deutsche BankAG is considering dropping its plan to sell Deutsche Postbank AG and might instead reintegrate theunit into the parent group even though it recently started operatingindependently again, Manager Magazinreported July 21.

Postbank was supposed to be sold by the end of 2017, but hasnot attracted anypotential buyers, while a successful float is also unlikely, the Germanmagazine said.

As part of its "Project Jade," Deutsche Bank isalso considering dividing itself into two lenders, one focused oncapital markets and another aimed at retail and corporate clients, Manager Magazin said.

The bank previously considered its businesses.But it said "Project Jade" did not have that aim and was merely anattempt to simplify its structure, Reuters reported July 21. The news agencyadded that Deutsche did not elaborate on its plans for Postbank.