BERLIN, June 21 (UPI) -- German financial giant Deutsche Bank has bought Berliner Bank for about $860 million.
Berliner Bank, which fought the acquisition for months, has 60 branches, serving 306,000 private customers and 14,000 corporate clients, the Financial Times reported Wednesday.
Advertisement
Deutsche Bank beat such rivals as Citibank, the French Societe General and Commerzbank to win Berliner Bank.