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Deutsche Bank's Inconvenient Truth

Germany’s biggest lender is no longer irreplaceable for the country’s economic elite.

Deutsche Bank AG Headquarters in Frankfurt.
Photographer: Alex Kraus/Bloomberg
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As Deutsche Bank AG approaches its 150th anniversary, Germany’s biggest lender is facing an inconvenient truth: it is no longer irreplaceable for the country’s economic elite.

From corporate giants to specialist engineering firms, Germany Inc.’s once-solid allegiance to Deutsche Bank is waning after years of crises stemming from efforts to emulate Wall Street investment banks, according to discussions with numerous executives.