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Deutsche Bank boss Sewing is apparently negotiating with a potential buyer from India
Photo: Thomas Lohnes / Getty Images
According to media reports, Deutsche Bank wants to sell Postbank's IT division.
The institute has been in negotiations with potential buyers for some time, one of them being the Indian Tata Consultancy Services (TCS), people familiar with the matter told Reuters.
The news agency Bloomberg reports that the talks about Postbank Systems AG could be concluded by the end of the year.
The plan is for Deutsche Bank to obtain the services it needs from the new owner for around a year after a sale.
Deutsche Bank and TCS declined to comment.
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Postbank Systems AG has around 1400 employees.
A sale would bring Deutsche Bank boss
Christian Sewing
(50) closer to his goal of cutting 18,000 of the 74,000 jobs worldwide by the end of 2022.
Deutsche Bank announced a profound restructuring in July 2019 and wants to reduce costs by 5.8 billion euros by 2022.
For this purpose, among other things, every fifth branch in Germany is to be closed and the IT is to be reorganized.
In the past, this was considered to be problem-prone; there were repeated breakdowns in payment transactions or internal money laundering controls.
When upgrading the systems, IT boss
Bernd Leukert
(53) relies on a partnership with Google.
With the tough austerity course, the bank finally wants to return to profitability.
In 2019 there was the fifth year of losses in a row due to the immense costs for the group restructuring.
Surprisingly, things are going better at Deutsche Bank this year.
In the second quarter, the bank had made a profit of 158 million euros before taxes, after a loss of 946 million euros in the previous year.
The course was recently honored on the capital market.
After the Deutsche Bank share had mostly been one of the biggest losers in the Dax in recent years, it rose by around a fifth in the past twelve months.
mg / Reuters / dpa