Deutsche Bank: The glass menagerie

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It's huge, it's teeming with wild creatures, and it's fragile. In 1994 Deutsche Bank began to build an investment bank. In 1998 it restructured itself around corporate and investment banking. In 1999 it totally absorbed Bankers Trust. The result is a behemoth that relies heavily on global securities markets and the charisma of one man. Is this a safe vehicle for the next millennium? David Shirreff reports