FRANKFURT - Deutsche Bank and Dresdner Bank both announced Wednesday that they plan to start selling nonproprietary mutual funds by the summer.
The announcements by Germany's No. 1 and No. 3 banks came six months after its second-largest, HypoVereinsbank, unveiled its plan to begin selling other companies' mutual funds. Deutsche Bank and Dresdner, which are both based in Frankfurt, currently offer restricted access to other companies' funds through the banks' Web sites.