Not long ago Deutsche Bank was reckoned among the dullest, slowest moving and most parochial of European universal banks. Trammelled by its corporate shareholdings, anxious about the conflicts between the equity business and traditional banking services and baffled by new risk management tools, Deutsche looked an also-ran. US institutions were invading its backyard. The large UK players were building high-profile investment banking arms and even the French and Dutch were moving faster.
How the tables have been turned.
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