Deutsche Bank AG
This article is about Deutsche Bank AG, which six months ago tried to sell its retail business to concentrate on corporate and investment banking, is working on a plan to turn its retail unit into a pan-European outlet for stocks, mutual funds and other investment products.
Top executives of Deutsche Bank, the world's largest bank by assets, were to present their latest ideas to their supervisory board on 23/10/00. The board, the equivalent of a board …
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…Spain, but a small retail presence in France and none in the United Kingdom.
"Everybody's targeting the mass affluent in Europe," J.P. Morgan analyst Stuart Graham said last week. "Where Deutsche Bank scores is that it has been on the ground in Spain and Italy for years." These two countries promised the strongest growth in retail investment products after Germany, said Mr. Graham. But France and Britain would prove difficult to crack, he said.
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