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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Deutsche Bank Aktiengesellschaft | NYSE:DB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.31 | 1.91% | 16.50 | 16.49 | 16.295 | 16.35 | 1,845,270 | 21:41:27 |
From May 2019 to May 2024
By Pietro Lombardi
Deutsche Bank AG (DBK.XE) has agreed to sell its banking and custody business in the Cayman Islands and Channel Islands to Bank of Butterfield Ltd. (NTB), Butterfield said Thursday.
Financial details of the deal weren't disclosed.
The business offers services mostly to financial intermediaries and corporate clients, according to Butterfield.
"This transaction represents another important milestone in repositioning Wealth Management for growth in our core markets," Fabrizio Campelli, global head of Deutsche Bank wealth management, said.
The deal, subject to regulatory approval, is expected to close in 2018.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
February 15, 2018 07:20 ET (12:20 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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