FRANKFURT, Germany – Deutsche Bank is giving more details of its reorganization, saying it will hold a share offering for its Postbank branches in Germany.
Frankfurt-based Deutsche Bank says it expects Postbank to be removed from its earnings statements by the end of next year.
The bank also said in a statement Monday that it intends to streamline the bank to make it easier to manage. It said it would drop business locations in some countries to focus on countries and cities where it is strongest.
It plans to reduce leverage, or the use of borrowed money, at its investment banking division by 200 billion euros ($220 billion). Leverage enhances profits but increases risks of loss as well.