Deutsche Bank tries ethics reform

Measures range from leadership seminars to new compensation practices to a halt to proprietary trading, reports


AS THE banking sector tries to distance itself from the industry practices that helped plunge the globe into financial crisis, Deutsche Bank is doing its best to show it has learned the lessons of the past.

But unlike other big European banks that have sought to atone by shrinking the investment bank operations that created so much havoc, as UBS of Switzerland and the British bank Barclays have done, Deutsche Bank intends to keep playing in the global big leagues.

The question is just how successful it will be in remaining the biggest European rival to Wall Street giants like Goldman Sachs and JPMorgan Chase in investment banking.

Though many global multinational banks - including HSBC,...

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