GERMANY: Deutsche Bank sold off Abbey Life on Wednesday for $1.2 billion to UK’s Phoenix Group Holdings in effort to get credibility back even though the latest shares crash has not stemmed investors fears – @AceFinanceNews

#AceFinanceNews – Sept.30: Deutsche gets lift from $1.2 billion sale of Abbey Life to UK’s Phoenix

Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’ demands….

But as our report on Thursday confirmed: and they will have a difficult job as shares in Deutsche Bank drop 8% amid concerns clients have pulled billions of dollars from the bank- @WSJbreakingnews – and US stocks fall sharply as Deutsche Bank hits all-time low as Dow drops about 195 – CNBC –

Editors Notes:

I would remind you that this blog is produced free for the public good and you are welcome to republish or re-use this article or any other material freely anywhere without requesting further permission.

News & Views welcome always published as long as NO bad language or is not related to subject matter.

To keep online information secure, experts recommend keeping your social media accounts private, changing your passwords often, and never answering unsolicited emails or phone calls asking for your personal information. Need help and guidance visit and leave a comment or send a private message on Telegram @Aceone31

Ace News Services Site Links Listed Here:

AceTweet This News