Deutsche Bank signs multibillion-dollar IT deal with HP

Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard (HP) in a multibillion-dollar deal that leaves the group's retail operations untouched. Under the 10-year agreement, HP will provide computing capacity and data storage to host Deutsche's operations, the two companies said in a joint statement on Tuesday. Deutsche will retain activities such as IT architecture and information security. The HP deal will allow the bank to red