, Columnist
Deutsche Bank's Wonderful Two-Headed World
It's not easy to grow and shrink at the same time.
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Deutsche Bank CEO John Cryan wants Germany's No. 1 investment bank to be simpler and more efficient but also to win more business from corporate clients. To grow and to shrink, in other words.
That dual ambition probably explains why his new plan entails keeping the business unified but separated among divisional co-chiefs. It won't make it much easier to compete with Wall Street.