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
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COMMENTARY
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.
In 1984, Morgan Grenfell, which was one of the leading UK investment banks at the time, moved into securities with the acquisition of stockjobber...
