Deutsche Bank (DB) has long hoped to become a global banking powerhouse, but its valuation quickly defeats this goal, The Financial Times reports. The lender is one of the world’s cheapest banks, with its stock trading five times forward earnings and under 40% of its tangible book value. This makes discussions on whether Deutsche Bank will takeover another bank, such as ABN (AAVMY) or Commerzbank (CRZBY), seem like a dubious prospect.
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