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Fri, February 21, 2025
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German finance giant Deutsche Bank to shut down DSL Bank brand

German finance giant Deutsche Bank to shut down DSL Bank brand


Published on 2025-02-21 07:41:11 - MSN
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  • Deutsche Bank will no longer offer construction financing and consumer loans under the DSL Bank name and plans to discontinue the brand, the German banking giant announced on Friday. New real estate loans are to be bundled under the Deutsche Bank and BHW brands,

Deutsche Bank, one of Germany's largest financial institutions, has announced the closure of its DSL Bank brand, which has been operational for over 20 years. The decision to shut down DSL Bank, known for its direct banking services, comes as part of Deutsche Bank's broader strategy to streamline its operations and focus on core business areas. Customers of DSL Bank will be transitioned to other Deutsche Bank services, ensuring continuity in banking services. This move reflects the bank's ongoing efforts to adapt to changing market conditions, enhance efficiency, and reduce complexity within its group structure. The closure is expected to be completed by mid-2025, with no impact on employment as staff will be reassigned within the bank.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/other/german-finance-giant-deutsche-bank-to-shut-down-dsl-bank-brand/ar-AA1zvKVY ]
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