Deutsche Bank in Talks on Wealth Management Joint Venture in China
What’s New: Deutsche Bank is in talks with the wealth management unit of Postal Savings Bank of China on the creation of a new joint venture, Caixin learned from people familiar with the matter.
Deutsche Bank aims to take a majority stake in the wealth management venture with PSBC Wealth Management Co. Ltd., the sources said, adding that discussions are still underway with no agreement.
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