Deutsche Bank has agreed to sell German private bank, BHF-BANK, to Kleinwort Benson Group. Once regulatory approval is secured, Kleinwort Benson will acquire 100% of BHF-BANK for around €384 million in cash, and with total assets under management of €36 billion, BHF-BANK is considered a strong strategic fit with Kleinwort’s existing businesses. Deutche Bank’s chief [...]
