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Deutsche Bank shake-up to include IT overhaul

Mergers and decades of expansion left global lenders such as Deutsche Bank with what experts call "spaghetti balls" of overlapping and often incompatible platforms and programs.


WHEN Deutsche Bank AG shelled out more than 6 billion euros (S$9.2 billion) to buy Deutsche Postbank AG in 2010, it wound up spending another one billion euros to mesh and upgrade their computer systems. The job was still underway in April, when Deutsche Bank said it would sell the...

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