Commentary: German Banks: Proud, Independent And Falling BehindThane Peterson
How the mighty are fallen. Just a few years ago, giant Deutsche Bank was the most powerful financial institution in Europe. Its major German rivals weren't far behind. Today, if planned mergers in France, Spain, and Italy go through, Deutsche's $28 billion market capitalization will rank it only No. 20 among European financial institutions. It is worth barely a third as much as top-ranked London-based rivals Lloyds Bank plc and hsbc Holdings plc.
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