Deutsche Bank Says Clients to Determine Fate of Banks
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Deutsche Bank AG Co-Chief Executive Officer Juergen Fitschen, who was included in a German tax-evasion probe last week, said lenders that fail to keep the trust of their clients will disappear.
“We’re criticized, and rightly so,” Fitschen, 64, said yesterday in a speech in the western German city of Essen. “In the long term, it’s the clients that decide if a bank survives.”