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Deutsche shrugs off mixed history of bank deals with purchase of Numis

Making acquisitions to expand investment banking teams doesn’t always go to plan

Deutsche is hoping that it can put  the chequered past of broker deals behind it
Deutsche is hoping that it can put the chequered past of broker deals behind it Photo: Getty Images

David Wighton is a columnist at Financial News

The precedents for Deutsche Bank’s plan to reboot its investment banking business in the UK by acquiring a stockbroker, Numis, are not wholly reassuring.

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