Deutsche Bank is in advanced talks to sell National Discount Brokers (NDB), its US retail brokerage business, according to a report in the FT.
The Financial Times says talks are believed to have involved several established online brokerages, including E*Trade, Ameritrade and TD Waterhouse. A deal could be announced as soon as next week.
FT analysts estimate that NDB's brokerage unit could bring a price between $150m and $200m, based on valuations of similar companies.
Deutsche Bank acquired NDB last October. It paid $888m, or $49 per share, for the 84 per cent of the company it did not own, according to the paper.