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Deutsche Bank dilutes radical revamp after ECB stress test

Plan to strip off its retail arm abandoned as it will dry up funding and raise cost of capital, say sources

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Mr Fitschen (left) and Mr Jain wanted to shed the retail business and become Europe's answer to Goldman Sachs. But stress tests, unions and political interests stood in their way.

Frankfurt

A RADICAL plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said.

Deutsche Bank, Germany's biggest

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