As it emerges from years dogged by scandal, Germany’s biggest lender Deutsche Bank aims to grow profitability and reclaim a place on the global stage to rival giant American US competitors. But the bank warns that profit will never again reach the risk-fuelled heights of the prefinancial-crisis era as it grinds through a deep restructuring, adjusts to new rules and adds thousands of jobs in regulatory compliance. Deutsche "absolutely does not want to take unconsidered risks as it did in the past" as it girds itself to reconquer what it can of the lost ground, compliance chief Sylvie Matherat said in an interview. Its newfound strictness about financial regulation means the bank is "on track" to restore confidence among clients, she said. Already, this autumn is far calmer for the Frankfurt-based group than last year’s. Back then, the US justice department slapped it with a $14.2bn fine demand over its role in the subprime mortgage crisis, the trigger for the 2008-09 financial crisis...
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