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