Deutsche Bank may backtrack on its plans to sell Postbank if it fails to find any viable buyers. Chief executive John Cryan is desperate to push through a sale and free up the capital currently tied up in the subsidiary for other areas of business. But given the dismal situation in Europe’s banking sector, there are currently no buyers for the Bonn-based retail bank.
Potential suitors are struggling with their own problems and the zero interest-rate policy of the European Central Bank. One manager at the bank suggested the deal may be taken off the table, saying: “If we can’t get a good price, we won’t sell Postbank.”