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| Illustration: Kevin February |
They say that imitation is the sincerest form of flattery. When John Cryan revealed his latest plans for Deutsche Bank on March 5, his equivalent at rival Commerzbank, Martin Zielke, might have been forgiven for doing a double-take.
Aside from the headline-grabbing capital raise, Deutsche plans to keep its Postbank unit in order to focus on domestic retail banking; combine its global markets, corporate finance and transaction banking businesses into a single unit to better focus on corporate clients and to intensify the disposal and run-off of legacy assets.
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