Deutsche Bank is in early-stage talks with Scalable Capital, a digital investment and broker platform, for a potential investment or partnership deal.
Facts
- Deutsche Bank is Germany’s largest bank and is in discussions with Scalable Capital.
- Scalable Capital, founded in 2014, provides neo-advisory, wealth, and asset management services in Munich, Berlin, and London.
- According to Handelsblatt, Deutsche Bank is exploring the potential benefits of a partnership with Scalable Capital for its private client business.
- Other parties are also reportedly interested in collaborating with Scalable Capital.
- Neither Deutsche Bank nor Scalable Capital has officially confirmed these talks.
- Deutsche Bank has been expanding its investment and advisory services, including acquiring Numis and partnering with Abbove.
- The bank is working on an app-based consumer investing offering scheduled for release in 2024.
