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- Postbank has under-performed the bank’s overall Private and Commercial Bank operations. Moreover, it failed to retain its existing clients. As a result, Deutsche Bank decided to merge Postbank with its legacy PCB business to create a new single entity ‘Bank of Germany’ in 2018.
www.forbes.com/sites/greatspeculations/2019/09/19/understanding-the-impact-of-deutsche-banks-ill-fated-postbank-acquisition/
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Jul 24, 2023 · Dubbed “Unity”, the renewed integration effort in 2017 aimed to get rid of Postbank’s own IT systems while delivering €900mn in annual cost savings and additional revenues by 2022. Neither...
- Deutsche Bank struggles with fallout after huge Postbank IT ...
Deutsche Bank is struggling with the fallout from the most...
- Deutsche Bank struggles with fallout after huge Postbank IT ...
Sep 20, 2023 · Deutsche Bank is struggling with the fallout from the most ambitious and fraught IT integration in its history, including customers being locked out of their accounts.
Aug 23, 2024 · Earlier this year, Deutsche Bank managed to clear the backlog from a botched Postbank data migration project that cut off thousands of clients from essential bankings services last year. The error forced Sewing into a public apology and cost him a chunk of his bonus.
- Steven Arons
Apr 29, 2024 · FRANKFURT, Aug 22 (Reuters) - Deutsche Bank (DBKGn.DE) said it had reached settlements with more than half the plaintiffs who accused the lender of underpaying them in the acquisition of...
Jun 30, 2023 · FRANKFURT, June 30 (Reuters) - Some Deutsche Bank (DBKGn.DE) customers will not have access to all services this weekend as the bank completes the merger of its IT platforms with Postbank...
Jul 3, 2023 · Deutsche Bank on Monday said that it had completed a fourth and final phase of a years-long technology integration process with Postbank.
Jul 4, 2023 · Deutsche Bank has announced it has completed the fourth and final phase of its long-running Postbank technology integration. The German banking giant said the finalization of its IT platform merger will deliver cost savings in 2023 and 2024, as well as annual savings of €300 million ($326.52 million) from 2025 onwards.
