Online retailer Zalando is just the kind of fast-growing German business with fo...
“Nobody puts all eggs in one basket,” said Christian Aue, a vice president for corporate finance and treasury at Duerr.
As Zalando turned down Deutsche’s offer, its bankers tried to assuage the company’s misgivings, Kilka-Roth said, but to no avail.The bank’s own data suggests Zalando is not the only corporate with doubts. Companies started reducing cash stored with Deutsche several years ago as the bank’s woes mounted, according to data from the bank’s annual report.
Deutsche Bank disputed any suggestion the decline in deposits was related to customer concerns about the bank. Then, some of Germany’s top industrial companies discussed taking a symbolic stake in Deutsche Bank to help it through its turmoil. But no action was taken.
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