Deutsche Bank gets ECB approval for wider use of Postbank funds

Author: Adam Button | Category: Central Banks

Gets more leeway for how it can use money at retail subsidiary Postbank

Under the waiver, the company can use Postbank deposits to invest in higher-yielding assets.

It's a big of good news for the German bank but will do little to reverse the 1.3% drop in the DAX today.

Report from Bloomberg.