Deutsche: IBM Deal Could Lead to Expanded Outsourcing

OUTSOURCING

FRANKFURT--Deutsche Bank’s IT outsourcing deal, announced last week with IBM, will encompass the bank’s continental European IT infrastructure for its retail and private client businesses in core markets, but could be widened to cover international investment banking operations next year if the initial venture is a success, says a bank spokesperson.

The €2.5 billion deal ($2.4 billion) with IBM is intended to save the bank around €100 million ($98 million) per year over 10 years. In contrast, it

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