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The board planned to consider the management proposals earlier this year before big steps were taken.
The bank's powerful investment-banking division Global Corporates & Institutions encourages the new idea. GCI oversees the retail network as a distribution channel to the growing class of wealthy Europeans who are changing their savings into stocks and investment funds.
Mr. Breuer had been told to rethink his previous plan to sell a majority stake in Deutsche Bank 24 by the supervisory board. The bank's top investment bankers believe that retaining the retail business and focusing its efforts on selling investment products is profitable than traditional banking services...
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