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Deutsche Bank drops out of top 15 in global private bank rankings

In what has been a difficult year for Germany’s biggest lender, the Scorpio figures show that private banking assets at Deutsche Bank fell 28% in dollar terms to US$227bn at the end of 2016. This saw Deutsche Bank drop five places to 16th in Scorpio’s rankings of the 25 biggest private banks in the world (see below).

Deutsche Bank sold a wealth management business in the United States last year and withdrew from a number of countries, with the bank blaming the majority of its fall in assets as being stemmed from the sale.

Source: Investment Europe

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