The thesis made semiclear on Page 2 is that DB previously was staid and very German, and in what would later become their own view, behind the times. > The ba

The thesis made semiclear on Page 2 is that DB previously was staid and very German, and in what would later become their own view, behind the times. > The bank's German clients were increasingly discovering the enterprising nature of international financial institutions and Deutsche had to be careful not to be left behind. This is expounded on Page 2, but basically it led to global expansion of the bank in search of growth beyond what was possible with boring old German domestic banking.