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Deutsche Bank Mulling ‘Creative’ Postbank Exit, Cryan Says

  • Cryan says Postbank IPO wouldn’t be ‘attractive’ right now
  • Deutsche Bank may post another loss in 2016, Cryan says
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Deutsche Bank AG, Germany’s biggest bank, is considering “creative” solutions to exit its Deutsche Postbank AG consumer unit, with plans for an initial public offering on hold, Chief Executive Officer John Cryan said.

“We could proceed with an IPO -- unfortunately we don’t want to right now because I don’t think the price that we would get would be attractive for our shareholders,” Cryan, 55, said at a conference in New York on Tuesday. “We’re either hoping for a market recovery there or looking for slightly more creative ways to exit the division. But the bank is for sale -- so if you know anyone who wants to buy a German retail bank, let me know.”