3 ms·
Post Bank formed from Deutsche Bank. Which was made infamous for loaning Donald Trump loads of money on highly questionable terms.
by yardie 7y ago
Post Bank formed from Deutsche Bank. Which was made infamous for loaning Donald Trump loads of money on highly questionable terms.
- luckylion 7y agoNo, Post Bank was sold to Deutsche Bank. It was created by the Deutsche Post, who then spun it off, funneled a lot of their branches into it (so you have bank offices that also rent out a desk to the Post) and sold it to Deutsche Bank.
- yardie 7y agoI looked at the wikipedia post for Post Bank and it is really confusing. So on re-reading I see: 1990 Postbank is created from Duetsche Post breaking up. 1999 Deutsche Post takes back Postbank. 2004 Deutsche Bank sells it's transaction bank to Postbank. 2012 Deutsche Bank acquires Postbank.
- allendoerfer 7y agoI think the name Deutsche Bank makes it even more confusing. As opposed to Deutsche Telekom (T-Mobile), Deutsche Bahn (DB/Schenker/Arriva) and Deutsche Post (DHL), Deutsche Bank never was state-owned. It was just named that way, because it was founded as a project (and arguably still is) so Germany would play a role on the world financial stage.