Anti-Financial Crime & Financial Crime Compliance
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Banking, EU, EU/Europe, Financial Crime

Deutsche Bank’s problems at Postbank unit are ‘unacceptable’, regulator says

By Tom Sims

Germany’s top financial regulator has called problems affecting customers at Deutsche Bank’s Postbank unit “unacceptable”, two weeks after the agency issued an unusual rebuke of the lender.

Deutsche, Germany’s largest bank, began acquiring Postbank, with its millions of clients and roots in the country’s postal system, in 2008 during the global financial crisis, but for years struggled to complete its integration.

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