Deutsche Deal breaks the divide between US and European banks

The break-up of the merger between Deutsche Bank AG and its German rival Commerzbank AG highlights the uneven recovery between lenders on both sides of the Atlantic and shows how decisions made during the financial crisis are having an impact today.

The possible merger of banks in Germany was supposed to put Deutsche Bank, a global player in trading and investment banking, on the road to profitability and stability. Instead, the company remains vulnerable, as its core global business continues to lag behind that of its US competitors.

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