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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

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.


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