Deutsche Plans Banking Expansion
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Deutsche Bank AG, Germany’s biggest bank, plans to expand its consumer banking and asset management operations to help boost pretax profit by 40% by 2008.
“We will aim to accelerate profitable growth by expanding our ‘stable’ businesses,” Chief Executive Officer Josef Ackermann said in a statement today before a meeting with investors in London. At the same time, the bank will build on its “competitive edge in corporate and investment banking,” he said.
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