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Deutsche Bank in talks to sell IT unit as it trims staff - sources

FILE PHOTO: The headquarters of Germany's Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File photo

FRANKFURT/NEW DELHI (Reuters) - Germany's Deutsche Bank DBKGn.DE is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.

A potential buyer is India's Tata Consultancy Services TCS.NS, the people said.

Postbank Systems has around 1,400 employees, mainly in the German city of Bonn. A sale would help Deutsche reach its goal of shedding 18,000 staff overall to cut costs and restore profitability.

Bloomberg News first reported the development.

Deutsche Bank and TCS declined to comment.

Reporting by Tom Sims and Patricia Uhlig in Frankfurt and Sankalp Phartiyal in New Delhi; editing by Thomas Seythal and Maria Sheahan

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