Deutsche Bank withdraws from bidding for Wirecard bank: source

FRANKFURT (Reuters) – Deutsche Bank <DBKGn.DE> has withdrawn from the bidding process for Wirecard Bank <WDIG.DE> amid concerns over valuaton, a source familiar with the matter said on Friday.

Deutsche Bank and a spokesman for Michael Jaffe, Wirecard’s insolvency administrator, declined to comment.

(Reporting by Hans Seidenstuecker, writing by Edward Taylor, editing by Vera Eckert)

The post Deutsche Bank withdraws from bidding for Wirecard bank: source appeared first on Morningology.

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