German Deutsche Bank to Co-Operate with Postbank
Deutsche Bank, Germany’s leading bank, and Deutsche Postbank, the banking subsidiary of German national postal operator Deutsche Post, are to co-operate in payment transactions. It is reported that, with effect from July, Postbank will process domestic payment transactions on behalf of Deutsche Bank through its specialist subsidiary Betriebscenter fur Banken (BCB).Meanwhile, Deutsche Bank will take over the dollar clearing and foreign payment transactions activities of the Deutsche Post subsidiary.
