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Actionable news in DB: DEUTSCHE BANK AKTIENGESELLSCHAFT,

One Reason Deutsche Bank (DB) Stock is Climbing Today

NEW YORK (TheStreet) -- Shares of Deutsche Bank (DB - Get Report) are spiking by 8.41% to $17.34 on heavy trading volume late Wednesday afternoon, as Swiss Re and Legal & General Group are among firms considering bids for the bank's insurance business Abbey Life Assurance Co., sources told Bloomberg.

Frankfurt-based Deutsche Bank is looking for bids by the end of the week, the sources said.

Abbey Life has also attracted interest from Phoenix Group Holdings, which buys and manages closed life insurance funds and a Canadian pension fund, Bloomberg added.

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