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Share Name Share Symbol Market Type
Deutsche Bank AG XE:DBK XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.129 1.45% 9.019 9.017 9.019 9.084 8.902 8.971 3,060,629 10:31:11

Deutsche Bank in Talks for China Wealth Management Joint Venture, Caixin Reports

05/01/2022 11:15am

Dow Jones News


Deutsche Bank (XE:DBK)
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--Deutsche Bank AG is in talks with Postal Savings Bank of China Co. to set up a new joint venture, Chinese business news group Caixin reports, citing unnamed sources.

--The German lender would like to take a majority stake in the venture with PSBC's wealth-management arm, though no agreement has been reached yet, according to Caixin.

--International financial players are in a race to enter China's wealth-management market after the country recently eased foreign-ownership restrictions across financial services.

 

Full story: https://bit.ly/31qrvfQ

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

January 05, 2022 06:00 ET (11:00 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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