Printer Friendly

Deutsche Bank to sell banking and securities subsidiaries.

Global Banking News-October 27, 2016--Deutsche Bank to sell banking and securities subsidiaries

(C)2016 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 27 October 2016

Deutsche Bank (NYSE: DB) said that it has entered into an agreement to sell its banking and securities subsidiaries in Mexico to InvestaBank SA.

The firm is to sell its subsidiaries, Deutsche Bank Mexico, SA Institucion de Banca Multiple and Deutsche Securities, SA de CV, Casa de Bolsa to InvestaBank SA, Institucion de Banca Multiple.

Following the sale, the German bank is to centralise its Mexican Global Markets and Corporate & Investment Banking coverage function in its global hubs.

The firm said that it would serve its governmental, corporate and institutional clients in Mexico from global hubs and offer them investment banking products.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Oct 27, 2016
Words:149
Previous Article:OCBC reports profit increase.
Next Article:TSB says customers undaunted by Brexit.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters